Emerson Electric Co. (NYSE:EMR) Stake Raised by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC lifted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 82.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 54,007 shares of the industrial products company's stock after acquiring an additional 24,378 shares during the quarter. Manning & Napier Advisors LLC's holdings in Emerson Electric were worth $6,693,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EMR. Capital Performance Advisors LLP acquired a new position in Emerson Electric during the 3rd quarter worth about $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric during the 3rd quarter worth approximately $29,000. Morton Brown Family Wealth LLC purchased a new position in Emerson Electric in the 3rd quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at $33,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. BNP Paribas began coverage on Emerson Electric in a report on Wednesday, November 13th. They set an "outperform" rating and a $155.00 price target on the stock. Royal Bank of Canada lowered 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. StockNews.com cut shares of Emerson Electric from a "buy" rating to a "hold" rating in a research report on Wednesday, January 1st. Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company dropped their price objective on Emerson Electric from $145.00 to $140.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and a consensus target price of $136.45.

Emerson Electric Trading Up 2.0 %

EMR stock traded up $2.64 on Thursday, hitting $131.49. 654,090 shares of the company were exchanged, compared to its average volume of 2,806,580. The stock has a market capitalization of $74.89 billion, a price-to-earnings ratio of 38.44, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The business's fifty day moving average is $127.10 and its two-hundred day moving average is $116.28. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.60%. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio (DPR) is presently 61.70%.

Insider Buying and Selling at Emerson Electric

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 stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is owned by company insiders.

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.