Emerson Electric Co.

(New York Stock Exchange)
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Somewhat Bullish +42

Emerson Electric Co. $EMR Shares Purchased by California Public ...

AI-generated analysis

πŸ“ˆ CalPERS increased its EMR holdings by 31.0% in Q1, adding 321,476 shares to a total position of 1,360,140 shares.

πŸ“Š Brighton Jones LLC boosted its stake by 74.1%, while Jump Financial LLC increased holdings by 121.5% in recent quarters.

πŸ’° New institutional positions were established by Dynamic Technology Lab Private Ltd ($232k), Caxton Associates LLP ($275k), and Sivia Capital Partners LLC ($203k).

πŸ“‰ EMR shares opened at $139.39, trading between a 12-month low of $122.64 and a high of $165.15.

πŸ’΅ The company has a market cap of $78.07 billion with a P/E ratio of 32.19 and a beta of 1.25.

πŸ“… A quarterly dividend of $0.555 per share was paid on June 10th, offering an annualized yield of 1.6%.

🏭 Emerson operates via Automation Solutions and Commercial & Residential Solutions platforms focusing on industrial automation and climate control.

πŸ” Wells Fargo raised its price target to $155 with an 'equal weight' rating in a recent report.

πŸš€ Sanford Bernstein initiated coverage with an 'outperform' rating and set a $175.00 price target.

πŸ“‰ Daiwa Securities Group lowered its target price from $177 to $156 while maintaining an 'outperform' rating.

πŸ“Š The consensus analyst rating is 'Moderate Buy' with an average target price of $162.64.

πŸ›οΈ Institutional investors, including hedge funds, own 74.30% of the company's total stock.

Bullish Signals
  • Major institutional investor CalPERS increased its stake by 31.0%, signaling strong confidence in the company's long-term prospects.
  • Brighton Jones LLC significantly increased its position by 74.1%, indicating bullish sentiment from a notable hedge fund.
  • Jump Financial LLC more than doubled its holdings with a 121.5% increase, adding over $1.4 million to its stake.
  • Wells Fargo raised its price target from $135 to $155, reflecting improved valuation expectations.
  • Sanford Bernstein initiated coverage with an 'outperform' rating and a high $175 price target.
  • BMO Capital Markets raised its price objective from $150 to $157, showing continued analyst support.
  • Daiwa Securities Group maintains an 'outperform' rating despite lowering the target price, suggesting confidence in upside potential.
  • The company offers a consistent dividend yield of 1.6% with a payout ratio of 51.27%, providing income to shareholders.
Risk Factors
  • Daiwa Securities Group lowered its price target from $177 to $156, indicating some analysts see reduced near-term upside.
  • The stock is trading below its 200-day moving average of $141.81 and fifty-day moving average of $140.35, suggesting short-term weakness.
  • The current ratio of 0.87 and quick ratio of 0.64 indicate the company has less than one dollar in current assets for every dollar of current liabilities.
Full Analysis
California Public Employees Retirement System (CalPERS) significantly increased its stake in Emerson Electric Co. (NYSE:EMR) by 31.0% during the first quarter, purchasing an additional 321,476 shares to hold a total of 1,360,140 shares valued at approximately $178.2 million. Several other institutional investors also adjusted their positions, with Brighton Jones LLC increasing its stake by 74.1% and Jump Financial LLC boosting holdings by 121.5%, while new positions were acquired by Dynamic Technology Lab Private Ltd, Caxton Associates LLP, and Sivia Capital Partners LLC. Emerson Electric's stock is currently trading around $139.39 with a market capitalization of $78.07 billion and a price-to-earnings ratio of 32.19. The company recently declared a quarterly dividend of $0.555 per share, resulting in an annualized yield of 1.6%. Analyst sentiment remains mixed but generally positive, with Wells Fargo raising its target price to $155 and Sanford Bernstein initiating coverage with an 'outperform' rating and a $175 target. The industrial automation and climate technology giant operates through two main platforms: Automation Solutions and Commercial & Residential Solutions. These divisions provide process automation systems, instrumentation, valves, control software, and HVAC products aimed at improving productivity and energy efficiency. Hedge funds and institutional investors collectively own 74.30% of the company's outstanding stock.