Emerson Electric Co. (NYSE:EMR) Short Interest Update

Emerson Electric Co. (NYSE:EMR) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 12,590,000 shares, an increase of 17.2% from the January 15th total of 10,740,000 shares. Based on an average trading volume of 3,100,000 shares, the days-to-cover ratio is currently 4.1 days. Approximately 2.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Emerson Electric

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Gallagher Fiduciary Advisors LLC increased its stake in shares of Emerson Electric by 20.7% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 3,121 shares of the industrial products company’s stock valued at $387,000 after buying an additional 535 shares during the period. Meiji Yasuda Life Insurance Co grew its holdings in Emerson Electric by 144.3% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 12,513 shares of the industrial products company’s stock worth $1,551,000 after acquiring an additional 7,390 shares during the last quarter. Wahed Invest LLC raised its stake in shares of Emerson Electric by 4.7% during the fourth quarter. Wahed Invest LLC now owns 14,265 shares of the industrial products company’s stock valued at $1,768,000 after acquiring an additional 645 shares during the last quarter. Pennington Partners & CO. LLC acquired a new position in shares of Emerson Electric during the fourth quarter worth $272,000. Finally, South Plains Financial Inc. bought a new stake in shares of Emerson Electric in the fourth quarter worth $204,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

Emerson Electric stock opened at $123.30 on Monday. The stock has a fifty day moving average of $125.73 and a 200-day moving average of $117.11. The stock has a market capitalization of $70.22 billion, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54. Emerson Electric has a 52 week low of $96.62 and a 52 week high of $134.85.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, sell-side analysts expect that Emerson Electric will post 5.95 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.71%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Analyst Ratings Changes

Several brokerages have issued reports on EMR. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. Wells Fargo & Company boosted their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Robert W. Baird increased their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $136.90.

About Emerson Electric

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.