Moors & Cabot Inc. cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,049 shares of the industrial products company’s stock after selling 289 shares during the quarter. Moors & Cabot Inc.’s holdings in Emerson Electric were worth $3,913,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Garner Asset Management Corp increased its stake in shares of Emerson Electric by 2.2% during the first quarter. Garner Asset Management Corp now owns 6,434 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 139 shares during the period. Ropes Wealth Advisors LLC increased its stake in shares of Emerson Electric by 1.2% during the first quarter. Ropes Wealth Advisors LLC now owns 12,197 shares of the industrial products company’s stock worth $835,000 after purchasing an additional 146 shares during the period. Howe & Rusling Inc. increased its stake in shares of Emerson Electric by 4.1% during the fourth quarter. Howe & Rusling Inc. now owns 3,876 shares of the industrial products company’s stock worth $232,000 after purchasing an additional 152 shares during the period. Pathway Financial Advisors LLC increased its stake in Emerson Electric by 3.3% during the 1st quarter. Pathway Financial Advisors LLC now owns 4,758 shares of the industrial products company’s stock worth $326,000 after acquiring an additional 153 shares during the period. Finally, Orca Investment Management LLC increased its stake in Emerson Electric by 2.8% during the 4th quarter. Orca Investment Management LLC now owns 5,692 shares of the industrial products company’s stock worth $340,000 after acquiring an additional 156 shares during the period. Institutional investors and hedge funds own 72.22% of the company’s stock.
Emerson Electric stock opened at $64.67 on Thursday. Emerson Electric Co. has a one year low of $55.38 and a one year high of $79.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.76 and a current ratio of 1.07. The firm has a market cap of $40.15 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 2.08 and a beta of 1.23.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.96 annualized dividend and a dividend yield of 3.03%. Emerson Electric’s payout ratio is 57.99%.
EMR has been the topic of a number of recent research reports. Citigroup upgraded Emerson Electric from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $67.00 to $81.00 in a research note on Monday, April 8th. Cowen restated a “buy” rating and set a $81.00 price objective on shares of Emerson Electric in a research note on Wednesday, January 30th. Morgan Stanley set a $77.00 price objective on Emerson Electric and gave the stock a “buy” rating in a research note on Friday, February 8th. Credit Suisse Group raised their price objective on Emerson Electric from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 6th. Finally, Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Tuesday, April 2nd. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Emerson Electric currently has an average rating of “Buy” and an average price target of $76.41.
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Emerson Electric Company Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
Further Reading: What is the Quick Ratio?
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