Edgestream Partners L.P. Invests $3.75 Million in Emerson Electric Co. (NYSE:EMR)

Edgestream Partners L.P. acquired a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 34,274 shares of the industrial products company's stock, valued at approximately $3,749,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EMR. Thrive Wealth Management LLC increased its stake in shares of Emerson Electric by 4.1% in the second quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company's stock worth $255,000 after purchasing an additional 91 shares during the period. LCM Capital Management Inc lifted its holdings in shares of Emerson Electric by 1.4% during the second quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company's stock worth $748,000 after buying an additional 91 shares during the last quarter. Sabal Trust CO grew its stake in shares of Emerson Electric by 2.2% in the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company's stock worth $475,000 after acquiring an additional 93 shares during the last quarter. Catalyst Financial Partners LLC increased its position in Emerson Electric by 3.7% during the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company's stock worth $287,000 after acquiring an additional 94 shares during the period. Finally, Unison Advisors LLC boosted its holdings in Emerson Electric by 0.5% in the 2nd quarter. Unison Advisors LLC now owns 21,016 shares of the industrial products company's stock valued at $2,315,000 after purchasing an additional 96 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of EMR traded up $0.01 during mid-day trading on Friday, hitting $132.60. 1,531,727 shares of the company traded hands, compared to its average volume of 3,297,555. 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 business has a 50-day moving average of $116.88 and a 200 day moving average of $111.38. Emerson Electric Co. has a one year low of $87.59 and a one year high of $134.17. The stock has a market capitalization of $75.61 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 2.23 and a beta of 1.30.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.59%. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's payout ratio is presently 61.70%.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 6th. UBS Group assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 price target for the company. Stephens cut Emerson Electric from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. KeyCorp raised their target price on Emerson Electric from $125.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Finally, Oppenheimer increased their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, September 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $130.00.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by insiders.

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.