Corient Private Wealth LLC Increases Holdings in Emerson Electric Co. (NYSE:EMR)

Corient Private Wealth LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 963,780 shares of the industrial products company’s stock after purchasing an additional 5,224 shares during the quarter. Corient Private Wealth LLC owned about 0.17% of Emerson Electric worth $119,441,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Swedbank AB increased its holdings in Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after acquiring an additional 1,424,800 shares during the last quarter. Howard Capital Management Group LLC grew its position in shares of Emerson Electric by 10.6% during the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 180 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Emerson Electric by 13.3% in the third quarter. Victory Capital Management Inc. now owns 288,443 shares of the industrial products company’s stock worth $31,547,000 after purchasing an additional 33,908 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in Emerson Electric by 12.5% during the third quarter. OneDigital Investment Advisors LLC now owns 25,014 shares of the industrial products company’s stock valued at $2,736,000 after buying an additional 2,784 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Emerson Electric by 9.4% during the 3rd quarter. CIBC Asset Management Inc now owns 118,294 shares of the industrial products company’s stock valued at $12,938,000 after buying an additional 10,164 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on EMR shares. Daiwa Capital Markets began coverage on Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. KeyCorp increased their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Loop Capital upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.28.

Emerson Electric Stock Performance

Emerson Electric stock opened at $112.11 on Monday. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The company has a market capitalization of $63.22 billion, a PE ratio of 26.76, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a 50 day moving average price of $122.37 and a 200-day moving average price of $118.96. 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 earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.88%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Emerson Electric 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.