Howard Financial Services LTD. Invests $274,000 in Emerson Electric Co. (NYSE:EMR)

Howard Financial Services LTD. bought a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,211 shares of the industrial products company's stock, valued at approximately $274,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in Emerson Electric in the third quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the 3rd quarter valued at $29,000. Frazier Financial Advisors LLC purchased a new position in Emerson Electric during the 3rd quarter worth $33,000. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric in the third quarter valued at $33,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Emerson Electric in the third quarter valued at about $43,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.50% of the company's stock.

Emerson Electric Price Performance

NYSE EMR traded up $1.36 during trading hours on Friday, reaching $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 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 PE ratio of 36.45, a PEG ratio of 1.98 and a beta of 1.35. The company's 50-day moving average is $127.05 and its two-hundred day moving average is $115.27. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a dividend of $0.5275 per share. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.69%. Emerson Electric's dividend payout ratio (DPR) is presently 61.70%.

Wall Street Analyst Weigh In

Several research firms have commented on EMR. UBS Group started coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a report on Wednesday. Royal Bank of Canada dropped their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, Barclays increased their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. One 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $135.89.

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.