Clark & Stuart Inc Invests $1.50 Million in Emerson Electric Co. (NYSE:EMR)

Clark & Stuart Inc purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,128 shares of the industrial products company's stock, valued at approximately $1,503,000. Emerson Electric makes up 1.1% of Clark & Stuart Inc's investment portfolio, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp lifted its stake in Emerson Electric by 6.2% in 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 period. Wellington Management Group LLP lifted its holdings in Emerson Electric by 4.2% in the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock worth $1,591,612,000 after purchasing an additional 581,102 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock worth $1,247,570,000 after acquiring an additional 162,985 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Emerson Electric by 5.7% during the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock valued at $871,083,000 after purchasing an additional 375,470 shares during the last quarter. Finally, Newport Trust Company LLC bought a new position in shares of Emerson Electric during the 2nd quarter valued at approximately $574,908,000. Institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Performance

Emerson Electric stock traded up $0.56 during midday trading on Monday, reaching $118.50. 2,254,582 shares of the stock traded hands, compared to its average volume of 2,417,916. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average price of $127.08 and a two-hundred day moving average price of $114.87. The firm has a market cap of $67.49 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.19 and a beta of 1.35. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.78%. The ex-dividend date was Friday, November 15th. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio is currently 61.70%.

Wall Street Analyst Weigh In

EMR has been the subject of a number of research analyst reports. Loop Capital upped their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Royal Bank of Canada dropped their price target on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Wells Fargo & Company lowered their price objective on Emerson Electric from $145.00 to $140.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Finally, Oppenheimer lifted their target price on Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, September 26th. One 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 MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus target price of $134.84.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm's 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 trade represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.50% of the company's stock.

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.