HB Wealth Management LLC Grows Stake in Emerson Electric Co. (NYSE:EMR)

HB Wealth Management LLC raised its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,374 shares of the industrial products company's stock after purchasing an additional 3,636 shares during the quarter. HB Wealth Management LLC's holdings in Emerson Electric were worth $3,640,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EMR. Trust Co. of Vermont lifted its stake in shares of Emerson Electric by 4.4% during the 4th quarter. Trust Co. of Vermont now owns 154,497 shares of the industrial products company's stock valued at $19,147,000 after buying an additional 6,522 shares in the last quarter. CGN Advisors LLC bought a new position in shares of Emerson Electric in the fourth quarter worth about $281,000. Howard Financial Services LTD. bought a new stake in Emerson Electric during the 4th quarter valued at approximately $274,000. Integrated Investment Consultants LLC purchased a new stake in Emerson Electric during the 4th quarter valued at approximately $1,815,000. Finally, Whitener Capital Management Inc. raised its position in shares of Emerson Electric by 1.0% during the fourth quarter. Whitener Capital Management Inc. now owns 20,565 shares of the industrial products company's stock valued at $2,549,000 after buying an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Performance

NYSE EMR traded up $1.36 during trading hours on Monday, reaching $124.65. The stock had a trading volume of 4,240,144 shares, compared to its average volume of 2,513,903. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week high of $134.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The stock has a market cap of $70.99 billion, a P/E ratio of 36.45, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. The stock has a fifty day moving average of $127.05 and a 200 day moving average of $115.31.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, November 15th. 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 yield of 1.69%. Emerson Electric's payout ratio is currently 61.70%.

Insider Buying and Selling 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 transaction of $2,711,289.00. Following the sale, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EMR has been the subject of several research analyst reports. Loop Capital raised their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 2nd. BNP Paribas started coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 target price for the company. Royal Bank of Canada reduced their price objective 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. JPMorgan Chase & Co. dropped their target price on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.89.

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.