BNC Wealth Management LLC boosted its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,767 shares of the industrial products company's stock after purchasing an additional 2,069 shares during the period. BNC Wealth Management LLC's holdings in Emerson Electric were worth $2,574,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in EMR. Creative Financial Designs Inc. ADV increased its holdings in Emerson Electric by 0.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company's stock valued at $2,016,000 after buying an additional 97 shares in the last quarter. Sandbox Financial Partners LLC increased its holdings in Emerson Electric by 5.3% in the fourth quarter. Sandbox Financial Partners LLC now owns 1,942 shares of the industrial products company's stock valued at $241,000 after buying an additional 97 shares in the last quarter. Unison Advisors LLC increased its holdings in Emerson Electric by 0.5% in the third quarter. Unison Advisors LLC now owns 21,115 shares of the industrial products company's stock valued at $2,309,000 after buying an additional 99 shares in the last quarter. Wedmont Private Capital increased its holdings in Emerson Electric by 2.0% in the third quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company's stock valued at $557,000 after buying an additional 99 shares in the last quarter. Finally, Chesapeake Wealth Management increased its stake in shares of Emerson Electric by 5.5% during the 2nd quarter. Chesapeake Wealth Management now owns 1,930 shares of the industrial products company's stock worth $213,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.
Emerson Electric Trading Up 1.1 %
Shares of EMR traded up $1.36 during mid-day trading on Friday, reaching $124.65. The company had a trading volume of 4,240,144 shares, compared to its average volume of 2,513,903. The stock has a market cap of $70.99 billion, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. The firm has a fifty day simple moving average of $127.05 and a 200-day simple moving average of $115.27. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.
Emerson Electric Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a dividend of $0.5275 per share. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.69%. Emerson Electric's payout ratio is presently 61.70%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on EMR. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. StockNews.com cut shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Wednesday, January 1st. UBS Group began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price objective for the company. KeyCorp raised their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Finally, Oppenheimer raised their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average price target of $135.89.
Check Out Our Latest Stock Analysis on EMR
Insider Activity at Emerson Electric
In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company's stock.
Emerson Electric Profile
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Free Report)
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.
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