Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 47.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,929 shares of the industrial products company's stock after buying an additional 7,973 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Emerson Electric were worth $3,089,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Key Financial Inc boosted its position in shares of Emerson Electric by 31.3% in the fourth quarter. Key Financial Inc now owns 1,583 shares of the industrial products company's stock worth $196,000 after buying an additional 377 shares during the period. Cardinal Capital Management boosted its position in Emerson Electric by 1.1% during the fourth quarter. Cardinal Capital Management now owns 86,513 shares of the industrial products company's stock valued at $10,722,000 after purchasing an additional 922 shares during the last quarter. BKM Wealth Management LLC boosted its position in Emerson Electric by 17.3% during the fourth quarter. BKM Wealth Management LLC now owns 12,645 shares of the industrial products company's stock valued at $1,567,000 after purchasing an additional 1,864 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in Emerson Electric during the fourth quarter valued at $70,000. Finally, Venturi Wealth Management LLC boosted its position in Emerson Electric by 34.2% during the fourth quarter. Venturi Wealth Management LLC now owns 5,409 shares of the industrial products company's stock valued at $670,000 after purchasing an additional 1,378 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. BNP Paribas assumed coverage on Emerson Electric in a research report on Wednesday, November 13th. They set an "outperform" rating and a $155.00 price objective for the company. KeyCorp lifted their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Daiwa Capital Markets initiated coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price objective for the company. Deutsche Bank Aktiengesellschaft boosted their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Finally, StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus target price of $136.90.
Check Out Our Latest Report on Emerson Electric
Emerson Electric Stock Performance
EMR traded down $2.87 on Friday, hitting $121.88. 2,334,273 shares of the stock traded hands, compared to its average volume of 2,856,196. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $68.73 billion, a PE ratio of 29.09, a P/E/G ratio of 2.48 and a beta of 1.34. The business has a fifty day moving average price of $125.08 and a two-hundred day moving average price of $117.51.
Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.73%. Emerson Electric's dividend payout ratio is 50.36%.
Emerson Electric Profile
(
Free Report)
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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