CGN Advisors LLC Takes Position in Emerson Electric Co. (NYSE:EMR)

CGN Advisors LLC acquired a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,268 shares of the industrial products company's stock, valued at approximately $281,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC lifted its holdings in shares of Emerson Electric by 10,993.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company's stock valued at $226,443,000 after purchasing an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp raised its stake in Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock valued at $422,852,000 after buying an additional 2,016,075 shares during the last quarter. State Street Corp grew its stake in shares of Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock worth $2,822,858,000 after acquiring an additional 1,507,980 shares during the last quarter. Swedbank AB increased its holdings in shares of Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock valued at $278,285,000 after acquiring an additional 1,424,800 shares in the last quarter. Finally, Perpetual Ltd raised its position in shares of Emerson Electric by 57,336.1% in the 3rd quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company's stock valued at $131,918,000 after purchasing an additional 1,204,058 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Wells Fargo & Company reduced their target price on Emerson Electric from $145.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Robert W. Baird boosted their price target on Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Oppenheimer raised their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Finally, JPMorgan Chase & Co. decreased their target price on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average target price of $135.89.

Insider Activity

In related 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded up $1.36 on Friday, hitting $124.65. The company's stock had a trading volume of 4,240,144 shares, compared to its average volume of 2,513,903. The company has a market capitalization 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. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The firm has a fifty day moving average price of $127.05 and a 200-day moving average price of $115.27.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.69%. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric's dividend payout ratio is presently 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.