Advocate Group LLC Acquires 5,619 Shares of Emerson Electric Co. (NYSE:EMR)

Advocate Group LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,751 shares of the industrial products company's stock after acquiring an additional 5,619 shares during the period. Emerson Electric accounts for approximately 1.7% of Advocate Group LLC's portfolio, making the stock its 14th biggest holding. Advocate Group LLC's holdings in Emerson Electric were worth $9,140,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $27,000. Capital Performance Advisors LLP acquired a new stake in Emerson Electric in the third quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the third quarter valued at approximately $29,000. Frazier Financial Advisors LLC acquired a new position in Emerson Electric in the 3rd quarter worth $33,000. Finally, Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric during the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

EMR has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price target on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company dropped their target price on Emerson Electric from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Barclays increased their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Robert W. Baird upped their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Finally, Royal Bank of Canada cut their price target on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.89.

Emerson Electric Stock Down 0.4 %

Shares of EMR traded down $0.55 during mid-day trading on Friday, reaching $130.62. The company's stock had a trading volume of 2,725,852 shares, compared to its average volume of 2,190,389. The business has a fifty day moving average of $127.10 and a 200 day moving average of $115.91. The company has a market cap of $74.39 billion, a price-to-earnings ratio of 38.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.62%. Emerson Electric's dividend payout ratio is currently 61.70%.

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.