Benjamin Edwards Inc. Increases Stake in Emerson Electric Co. (NYSE:EMR)

Benjamin Edwards Inc. lifted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 256.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,072 shares of the industrial products company's stock after acquiring an additional 30,991 shares during the quarter. Benjamin Edwards Inc.'s holdings in Emerson Electric were worth $4,712,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EMR. Capital Performance Advisors LLP bought a new position in Emerson Electric in the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC bought a new position in Emerson Electric in the 3rd quarter worth approximately $29,000. Meeder Asset Management Inc. boosted its stake in 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 purchasing an additional 235 shares during the period. Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the 3rd quarter worth approximately $33,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Emerson Electric during the 3rd quarter valued at approximately $33,000. 74.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the firm's 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 completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of research reports. Robert W. Baird increased their target price on Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. KeyCorp increased their price target on Emerson Electric from $125.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Wells Fargo & Company increased their price target on Emerson Electric from $128.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Barclays increased their price target on Emerson Electric from $103.00 to $116.00 and gave the company an "equal weight" rating in a report on Wednesday, November 6th. Finally, Loop Capital increased their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $131.11.

Emerson Electric Stock Up 0.7 %

EMR stock traded up $0.94 during trading on Wednesday, reaching $134.34. 2,632,703 shares of the company traded hands, compared to its average volume of 2,748,369. Emerson Electric Co. has a 12 month low of $87.59 and a 12 month high of $134.85. The business has a 50 day simple moving average of $118.59 and a 200 day simple moving average of $111.83. The company has a market capitalization of $76.51 billion, a price-to-earnings ratio of 39.28, a price-to-earnings-growth ratio of 2.25 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.57%. The ex-dividend date is Friday, November 15th. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio (DPR) is currently 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.