Occidental Asset Management LLC Purchases 2,310 Shares of Emerson Electric Co. (NYSE:EMR)

Occidental Asset Management LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,515 shares of the industrial products company's stock after acquiring an additional 2,310 shares during the quarter. Occidental Asset Management LLC's holdings in Emerson Electric were worth $4,401,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of EMR. Newport Trust Company LLC purchased a new position in shares of Emerson Electric during the 2nd quarter valued at about $574,908,000. Pathway Financial Advisers LLC raised its stake in shares of Emerson Electric by 10,993.2% during the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company's stock worth $226,443,000 after acquiring an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock worth $422,852,000 after acquiring an additional 2,016,075 shares during the last quarter. State Street Corp grew its holdings in shares of Emerson Electric by 6.2% during the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock valued at $2,822,858,000 after purchasing an additional 1,507,980 shares during the last quarter. Finally, Swedbank AB raised its position in Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of the business's stock in a transaction that occurred 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 directly owns 262,408 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Emerson Electric Stock Up 0.9 %

Shares of NYSE:EMR traded up $1.11 during trading on Friday, reaching $124.40. 2,966,540 shares of the stock traded hands, compared to its average volume of 2,468,731. The stock has a market cap of $70.85 billion, a P/E ratio of 36.38, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The stock has a 50-day moving average of $127.18 and a two-hundred day moving average of $115.05. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week high of $134.85.

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 $0.5275 dividend. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Friday, November 15th. Emerson Electric's dividend payout ratio (DPR) is 61.70%.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent research reports. UBS Group assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price objective on the stock. Royal Bank of Canada decreased their price target on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Barclays boosted their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. StockNews.com downgraded shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Wednesday, January 1st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $135.89.

Emerson Electric 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.