Diversified Trust Co Has $3.91 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Diversified Trust Co raised its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 25.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,569 shares of the industrial products company's stock after buying an additional 6,357 shares during the period. Diversified Trust Co's holdings in Emerson Electric were worth $3,912,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric during the 3rd quarter worth about $25,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric during the third quarter worth approximately $29,000. 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 last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric in the third quarter worth $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in Emerson Electric in the 3rd quarter valued at $33,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of NYSE EMR traded down $1.47 during midday trading on Tuesday, reaching $120.62. 2,622,183 shares of the company traded hands, compared to its average volume of 2,098,021. The stock's 50-day simple moving average is $126.20 and its 200-day simple moving average is $114.54. 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 Co. has a 12 month low of $91.64 and a 12 month high of $134.85. The firm has a market cap of $68.70 billion, a PE ratio of 35.27, a PEG ratio of 2.20 and a beta of 1.35.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.75%. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric's dividend payout ratio is currently 61.70%.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business'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 transaction, the senior vice president now directly owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. Oppenheimer increased their target price on Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, September 26th. BNP Paribas began coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price target on the stock. Robert W. Baird increased their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company cut their target price 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.84.

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.