Sawtooth Solutions LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 266.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 26,070 shares of the industrial products company’s stock after purchasing an additional 18,950 shares during the period. Sawtooth Solutions LLC’s holdings in Emerson Electric were worth $1,817,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. Compagnie Lombard Odier SCmA grew its position in Emerson Electric by 22.8% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 4,720 shares of the industrial products company’s stock worth $329,000 after purchasing an additional 875 shares during the last quarter. WealthPLAN Partners LLC grew its position in Emerson Electric by 3.5% during the 4th quarter. WealthPLAN Partners LLC now owns 43,768 shares of the industrial products company’s stock worth $3,050,000 after purchasing an additional 1,480 shares during the last quarter. Banco de Sabadell S.A purchased a new position in Emerson Electric during the 4th quarter worth $766,000. Halsey Associates Inc. CT grew its position in Emerson Electric by 71.9% during the 4th quarter. Halsey Associates Inc. CT now owns 17,471 shares of the industrial products company’s stock worth $1,218,000 after purchasing an additional 7,310 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position in Emerson Electric by 14.0% during the 4th quarter. Sterling Capital Management LLC now owns 97,181 shares of the industrial products company’s stock worth $6,773,000 after purchasing an additional 11,954 shares during the last quarter. 69.89% of the stock is currently owned by institutional investors.
Shares of Emerson Electric stock opened at $71.15 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.40. Emerson Electric Co. has a 52 week low of $56.77 and a 52 week high of $74.45. The company has a market cap of $44,787.80, a PE ratio of 26.42, a P/E/G ratio of 2.15 and a beta of 1.15.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 16th were paid a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is 78.23%.
Several brokerages have issued reports on EMR. UBS began coverage on shares of Emerson Electric in a research report on Monday, January 22nd. They set a “buy” rating and a $73.26 price objective on the stock. Wells Fargo restated a “market perform” rating and issued a $73.00 target price (up previously from $65.00) on shares of Emerson Electric in a research note on Thursday, January 18th. JMP Securities cut shares of Emerson Electric from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $74.45 to $56.77 in a research note on Thursday, February 1st. Barclays assumed coverage on shares of Emerson Electric in a research note on Thursday, February 15th. They issued an “overweight” rating and a $80.00 target price for the company. Finally, Royal Bank of Canada upgraded shares of Emerson Electric from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $70.38 to $80.00 in a research note on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $70.72.
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Emerson Electric Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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