Trust Co. of Vermont increased its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,497 shares of the industrial products company's stock after buying an additional 6,522 shares during the period. Trust Co. of Vermont's holdings in Emerson Electric were worth $19,147,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the third quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the 3rd quarter valued at about $29,000. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric during the third quarter worth approximately $33,000. Frazier Financial Advisors LLC bought a new stake in Emerson Electric in the third quarter worth approximately $33,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Emerson Electric during the 3rd quarter worth approximately $43,000. 74.30% of the stock is currently owned by institutional investors.
Insider Transactions at Emerson Electric
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 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 owns 262,408 shares of the company's stock, valued at $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 is available at this link. Corporate insiders own 0.50% of the company's stock.
Emerson Electric Stock Performance
Emerson Electric stock traded up $1.36 during midday trading on Friday, reaching $124.65. The stock had a trading volume of 4,240,144 shares, compared to its average volume of 2,513,903. The firm has a market capitalization of $70.99 billion, a PE ratio of 36.45, a P/E/G ratio of 1.98 and a beta of 1.35. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm's 50-day moving average price is $127.05 and its 200 day moving average price is $115.27. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85.
Emerson Electric Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.69%. Emerson Electric's payout ratio is presently 61.70%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Loop Capital boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. BNP Paribas began coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 target price for the company. Royal Bank of Canada cut their price target on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. KeyCorp boosted their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Finally, Wells Fargo & Company decreased their price target on shares of Emerson Electric from $145.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.89.
View Our Latest Analysis on Emerson Electric
Emerson Electric Profile
(
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.
Further Reading
Before you consider Emerson Electric, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Emerson Electric wasn't on the list.
While Emerson Electric currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
