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Traveka Wealth LLC Acquires 5,218 Shares of Emerson Electric Co. (NYSE:EMR)

Emerson Electric logo with Industrial Products background

Traveka Wealth LLC increased its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 210.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,695 shares of the industrial products company's stock after acquiring an additional 5,218 shares during the period. Traveka Wealth LLC's holdings in Emerson Electric were worth $954,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB grew its position in shares of Emerson Electric by 120.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock worth $6,162,000 after buying an additional 30,741 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock valued at $1,247,570,000 after buying an additional 162,985 shares during the period. Bank of Montreal Can lifted its holdings in Emerson Electric by 17.0% in the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company's stock worth $152,359,000 after buying an additional 194,944 shares during the period. Dynamic Advisor Solutions LLC boosted its position in Emerson Electric by 8.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company's stock valued at $7,578,000 after acquiring an additional 5,416 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Emerson Electric by 130.0% in the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company's stock worth $1,044,000 after acquiring an additional 5,393 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Emerson Electric

In other 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EMR shares. Wells Fargo & Company reduced their price target on Emerson Electric from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. BNP Paribas initiated coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price target for the company. Jefferies Financial Group began coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Finally, Barclays raised 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $134.84.

Check Out Our Latest Research Report on EMR

Emerson Electric Stock Performance

Shares of NYSE EMR traded up $1.33 during midday trading on Tuesday, hitting $119.80. 2,074,186 shares of the stock traded hands, compared to its average volume of 2,377,388. 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 one year low of $91.64 and a one year high of $134.85. The firm has a market capitalization of $68.23 billion, a P/E ratio of 35.03, a PEG ratio of 2.19 and a beta of 1.35. The firm has a 50-day moving average of $127.26 and a two-hundred day moving average of $114.94.

Emerson Electric Increases Dividend

The company also recently declared 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 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 1.76%. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric's payout ratio is currently 61.70%.

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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