Allspring Global Investments Holdings LLC lifted its stake in Emerson Electric Co. (NYSE:EMR – Free Report) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 410,601 shares of the industrial products company’s stock after buying an additional 6,564 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Emerson Electric were worth $50,167,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the stock. Avidian Wealth Enterprises LLC raised its stake in shares of Emerson Electric by 6.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,315 shares of the industrial products company’s stock worth $411,000 after buying an additional 204 shares during the period. Kentucky Trust Co purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $2,464,000. Certuity LLC grew its position in shares of Emerson Electric by 32.3% during the fourth quarter. Certuity LLC now owns 7,302 shares of the industrial products company’s stock worth $905,000 after purchasing an additional 1,781 shares in the last quarter. David Wealth Management LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $275,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $4,638,000. Institutional investors own 74.30% of the company’s stock.
Emerson Electric Price Performance
NYSE:EMR opened at $125.26 on Friday. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.40. The firm has a market capitalization of $70.63 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 2.16 and a beta of 1.34. The business has a 50 day simple moving average of $126.04 and a 200-day simple moving average of $117.01.
Emerson Electric Dividend Announcement
The firm 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. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on EMR shares. Loop Capital increased their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. cut their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. KeyCorp increased their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, Jefferies Financial Group initiated coverage on Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $136.90.
View Our Latest Stock Report on EMR
About Emerson Electric
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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