RKL Wealth Management LLC Buys Shares of 4,651 Emerson Electric Co. (NYSE:EMR)

RKL Wealth Management LLC bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, Holdings Channel reports. The fund bought 4,651 shares of the industrial products company’s stock, valued at approximately $576,000.

Other hedge funds have also added to or reduced their stakes in the company. Swedbank AB boosted its stake in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares during the period. Howard Capital Management Group LLC raised its holdings in shares of Emerson Electric by 10.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 180 shares in the last quarter. Avidian Wealth Enterprises LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at about $340,000. M&G PLC raised its holdings in shares of Emerson Electric by 39.6% in the 3rd quarter. M&G PLC now owns 41,138 shares of the industrial products company’s stock valued at $4,484,000 after acquiring an additional 11,668 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Emerson Electric by 2.9% in the 3rd quarter. Principal Financial Group Inc. now owns 812,976 shares of the industrial products company’s stock valued at $88,915,000 after acquiring an additional 23,205 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR stock opened at $118.66 on Friday. The firm has a market cap of $66.91 billion, a P/E ratio of 28.32, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The business’s 50 day moving average price is $123.64 and its 200-day moving average price is $118.52. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates 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, equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.78%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analyst Ratings Changes

Several research firms have weighed in on EMR. Jefferies Financial Group began coverage on Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. Morgan Stanley raised their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. UBS Group initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective on the stock. Loop Capital raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $137.67.

Emerson Electric Company Profile

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.