Guinness Asset Management LTD boosted its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,924,171 shares of the industrial products company's stock after acquiring an additional 95,691 shares during the period. Emerson Electric accounts for 4.5% of Guinness Asset Management LTD's investment portfolio, making the stock its 7th biggest holding. Guinness Asset Management LTD owned approximately 0.34% of Emerson Electric worth $238,473,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in Emerson Electric during the 3rd quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the third quarter worth $29,000. Morton Brown Family Wealth LLC bought a new position in Emerson Electric during the third quarter worth $33,000. Frazier Financial Advisors LLC acquired a new position in Emerson Electric during the 3rd quarter valued at $33,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Emerson Electric in the 3rd quarter valued at $43,000. 74.30% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
EMR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their target price 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. Oppenheimer lifted their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, September 26th. Stephens cut Emerson Electric from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Robert W. Baird boosted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Finally, KeyCorp lifted their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.89.
Read Our Latest Stock Analysis on EMR
Emerson Electric Price Performance
Shares of Emerson Electric stock traded up $1.36 during midday trading on Monday, reaching $124.65. The company had a trading volume of 4,240,144 shares, compared to its average volume of 2,513,903. 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 stock has a fifty day simple moving average of $127.05 and a 200 day simple moving average of $115.31. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85. 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 Increases Dividend
The company also recently declared 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%. The ex-dividend date of this dividend 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 61.70%.
Insider Buying and Selling
In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company's 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 completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company's stock.
About Emerson Electric
(
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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