Emerson Electric Co. (NYSE:EMR) Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB boosted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 120.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,341 shares of the industrial products company's stock after acquiring an additional 30,741 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Emerson Electric were worth $6,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new stake in Emerson Electric in the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric in the third quarter worth $29,000. Frazier Financial Advisors LLC bought a new stake in Emerson Electric during the third quarter valued at about $33,000. Meeder Asset Management Inc. grew its holdings in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 235 shares during the period. Finally, Morton Brown Family Wealth LLC bought a new stake in Emerson Electric during the third quarter valued at about $33,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

NYSE EMR traded down $0.57 during trading hours on Friday, hitting $130.59. The company had a trading volume of 1,606,176 shares, compared to its average volume of 2,738,580. The company has a market cap of $74.37 billion, a PE ratio of 38.35, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85. The business has a 50 day moving average of $121.17 and a 200-day moving average of $112.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors 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. This represents a $2.11 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric's dividend payout ratio is currently 61.70%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Barclays boosted their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. Jefferies Financial Group began coverage on Emerson Electric in a research report on Thursday. They issued a "buy" rating and a $160.00 target price on the stock. Wells Fargo & Company upped their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Finally, StockNews.com upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Sunday, December 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $134.58.

Insider Buying and Selling

In other 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Emerson Electric Company 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.