Executive Wealth Management LLC Takes $7.20 Million Position in Emerson Electric Co. (NYSE:EMR)

Executive Wealth Management LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 65,806 shares of the industrial products company's stock, valued at approximately $7,197,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Newport Trust Company LLC acquired a new stake in Emerson Electric during the second quarter worth about $574,908,000. Pathway Financial Advisers LLC grew its holdings in shares of Emerson Electric by 10,993.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company's stock worth $226,443,000 after purchasing an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the period. State Street Corp raised its stake in shares of Emerson Electric by 6.2% in the third 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 in the last quarter. Finally, Swedbank AB lifted its position in Emerson Electric by 127.3% in the third 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. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of EMR traded down $1.25 during mid-day trading on Tuesday, hitting $129.18. 2,838,406 shares of the company traded hands, compared to its average volume of 2,747,152. The business has a 50-day moving average of $119.93 and a 200 day moving average of $112.19. The stock has a market capitalization of $73.57 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 2.20 and a beta of 1.34. Emerson Electric Co. has a one year low of $89.17 and a one year high of $134.85. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.63%. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric's dividend payout ratio (DPR) is presently 61.70%.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 sale, the senior vice president now 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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EMR. Robert W. Baird increased their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Royal Bank of Canada cut their price target on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. KeyCorp upped their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft raised their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Finally, Oppenheimer upped their price target on Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $133.17.

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.