4,050 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by Proactive Wealth Strategies LLC

Proactive Wealth Strategies LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,050 shares of the industrial products company's stock, valued at approximately $443,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EMR. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric in the 3rd quarter worth about $25,000. Transcendent Capital Group LLC bought a new position in Emerson Electric during the 1st quarter valued at approximately $31,000. Meeder Asset Management Inc. raised its position in shares of Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock worth $33,000 after acquiring an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric in the 3rd quarter worth approximately $33,000. Finally, Versant Capital Management Inc grew its stake in shares of Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company's stock worth $36,000 after buying an additional 269 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

EMR has been the topic of several research analyst reports. Morgan Stanley assumed coverage on Emerson Electric in a report on Friday, September 6th. They set an "underweight" rating and a $105.00 price target on the stock. JPMorgan Chase & Co. lowered Emerson Electric from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft lifted their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. StockNews.com upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada decreased their price target on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $127.65.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded down $0.80 during trading hours on Tuesday, reaching $128.40. The stock had a trading volume of 3,084,527 shares, compared to its average volume of 2,735,866. The stock's 50 day moving average is $108.87 and its 200 day moving average is $109.43. The firm has a market capitalization of $73.53 billion, a PE ratio of 37.78, a PEG ratio of 2.13 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $85.91 and a twelve month high of $130.30. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a $0.5275 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.64%. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio is 61.70%.

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.