Empirical Asset Management LLC Takes $1.79 Million Position in Emerson Electric Co. (NYSE:EMR)

Empirical Asset Management LLC bought a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,469 shares of the industrial products company's stock, valued at approximately $1,793,000.

Several other institutional investors have also added to or reduced their stakes in EMR. Creative Financial Designs Inc. ADV lifted its holdings in shares of Emerson Electric by 0.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company's stock valued at $2,016,000 after buying an additional 97 shares during the period. Unison Advisors LLC boosted its holdings in Emerson Electric by 0.5% during the third quarter. Unison Advisors LLC now owns 21,115 shares of the industrial products company's stock worth $2,309,000 after buying an additional 99 shares in the last quarter. Wedmont Private Capital increased its holdings in Emerson Electric by 2.0% in the third quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company's stock valued at $557,000 after buying an additional 99 shares in the last quarter. Chesapeake Wealth Management increased its position in shares of Emerson Electric by 5.5% in the second quarter. Chesapeake Wealth Management now owns 1,930 shares of the industrial products company's stock valued at $213,000 after buying an additional 100 shares in the last quarter. Finally, Gabelli Funds LLC raised its stake in shares of Emerson Electric by 1.9% during the 2nd quarter. Gabelli Funds LLC now owns 5,380 shares of the industrial products company's stock worth $593,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds 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 stock in a transaction 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 transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EMR has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their target price on Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. BNP Paribas started coverage on Emerson Electric in a report on Wednesday, November 13th. They set an "outperform" rating and a $155.00 target price on the stock. Robert W. Baird boosted their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. UBS Group started coverage on Emerson Electric in a report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price target on the stock. Finally, KeyCorp raised their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $135.89.

Emerson Electric Stock Up 1.1 %

EMR stock traded up $1.36 during trading hours on Friday, hitting $124.65. The company's stock had a trading volume of 4,240,144 shares, compared to its average volume of 2,513,903. The company has a market capitalization of $70.99 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. The stock has a 50 day moving average price of $127.05 and a two-hundred day moving average price of $115.22. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, November 15th. This is a boost 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 1.69%. Emerson Electric's dividend payout ratio (DPR) is presently 61.70%.

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.