Semanteon Capital Management LP bought a new position in Emerson Electric Co. (NYSE:EMR – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,727 shares of the industrial products company’s stock, valued at approximately $1,173,000. Emerson Electric accounts for about 0.8% of Semanteon Capital Management LP’s investment portfolio, making the stock its 29th largest position.
A number of other large investors have also added to or reduced their stakes in the stock. American National Bank & Trust Co. VA purchased a new position in shares of Emerson Electric during the 1st quarter valued at $1,011,000. SG Americas Securities LLC grew its holdings in Emerson Electric by 183.6% during the 1st quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock valued at $9,286,000 after purchasing an additional 53,003 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Emerson Electric by 55.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after purchasing an additional 3,060 shares during the last quarter. Norden Group LLC bought a new position in Emerson Electric during the 1st quarter valued at about $4,188,000. Finally, Daiwa Securities Group Inc. grew its stake in Emerson Electric by 17.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 100,029 shares of the industrial products company’s stock worth $11,345,000 after acquiring an additional 15,098 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.
Emerson Electric Price Performance
Shares of EMR stock traded up $1.04 on Monday, reaching $109.17. 207,459 shares of the company were exchanged, compared to its average volume of 2,680,703. The company has a market cap of $62.46 billion, a price-to-earnings ratio of 5.79, a P/E/G ratio of 1.68 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The business has a 50-day moving average price of $106.19 and a 200 day moving average price of $108.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16.
Emerson Electric Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.92%. Emerson Electric’s dividend payout ratio is currently 11.24%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on EMR shares. Redburn Atlantic began coverage on shares of Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 target price for the company. Morgan Stanley initiated coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company dropped their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $125.47.
Emerson Electric Company Profile
Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.
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