2 weeks Ago By ABMN Staff
Marathon Capital Management raised its holdings in shares of Emerson Electric Co. ( NYSE:EMR – Free Report ) by 9.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 2,317 shares of the industrial products company’s stock after acquiring an additional 192 shares during the quarter. Marathon Capital Management’s holdings in Emerson Electric were worth $255,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently bought and sold shares of the business.
Thrive Wealth Management LLC grew its stake in Emerson Electric by 4.1% during the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 91 shares in the last quarter.
LCM Capital Management Inc grew its stake in Emerson Electric by 1.4% during the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock valued at $748,000 after acquiring an additional 91 shares in the last quarter.
Sabal Trust CO grew its stake in Emerson Electric by 2.2% during the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock valued at $475,000 after acquiring an additional 93 shares in the last quarter.
Catalyst Financial Partners LLC grew its stake in Emerson Electric by 3.7% during the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 94 shares in the last quarter.
Finally, PFG Advisors grew its stake in Emerson Electric by 3.8% during the 1st quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock valued at $294,000 after acquiring an additional 96 shares in the last quarter.
Hedge funds and other institutional investors own 74.30% of the company’s stock. Emerson Electric Stock Up 4.
3 % Shares of NYSE EMR opened at $108.90 on Friday. The firm’s 50-day moving average is $106.
27 and its 200-day moving average is $109.35. Emerson Electric Co.
has a 1 year low of $83.10 and a 1 year high of $119.53.
The firm has a market capitalization of $62.30 billion, a PE ratio of 5.83, a price-to-earnings-growth ratio of 1.
74 and a beta of 1.30. The company has a current ratio of 1.
16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27.
Emerson Electric Announces Dividend The firm 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 dividend on an annualized basis and a dividend yield of 1.
93%. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.
Analyst Ratings Changes Several brokerages recently commented on EMR. Redburn Atlantic began coverage on Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.
00 price target for the company. Barclays lowered their price target on Emerson Electric from $110.00 to $103.
00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada lowered their price target on Emerson Electric from $140.00 to $139.
00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Morgan Stanley began coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.
00 price target for the company. Finally, Robert W. Baird boosted their price target on Emerson Electric from $116.
00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company.
According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.59. Get Our Latest Stock Analysis on EMR 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. Read More Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co.
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