Fiduciary Alliance LLC Takes $1.11 Million Position in Emerson Electric Co. (NYSE:EMR)

Fiduciary Alliance LLC bought a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,973 shares of the industrial products company's stock, valued at approximately $1,112,000.

A number of other institutional investors also recently modified their holdings of EMR. State Street Corp boosted its position in Emerson Electric by 6.2% during 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 during the last quarter. Wellington Management Group LLP raised its position in Emerson Electric by 4.2% during the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock valued at $1,591,612,000 after acquiring an additional 581,102 shares in the last quarter. Geode Capital Management LLC lifted its stake in Emerson Electric by 1.4% in 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 acquiring an additional 162,985 shares during the last quarter. Nordea Investment Management AB grew its position in Emerson Electric by 5.7% in the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock worth $871,083,000 after acquiring an additional 375,470 shares in the last quarter. Finally, Newport Trust Company LLC acquired a new position in shares of Emerson Electric during the 2nd quarter worth $574,908,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. StockNews.com lowered Emerson Electric from a "buy" rating to a "hold" rating in a report on Wednesday, January 1st. Barclays boosted their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Robert W. Baird increased their price target on Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Finally, UBS Group started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.84.

Emerson Electric Stock Up 1.1 %

EMR stock traded up $1.33 during midday trading on Tuesday, hitting $119.80. The company's stock had a trading volume of 2,074,186 shares, compared to its average volume of 2,377,436. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85. The stock 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 company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The company's fifty day moving average price is $127.26 and its 200 day moving average price is $114.94.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, November 15th. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.76%. Emerson Electric's payout ratio is currently 61.70%.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president now directly owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company's stock.

About Emerson Electric

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.