Ibex Wealth Advisors Buys Shares of 27,288 Emerson Electric Co. (NYSE:EMR)

Ibex Wealth Advisors 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 27,288 shares of the industrial products company's stock, valued at approximately $3,382,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Berkshire Bank lifted its position in Emerson Electric by 3.6% during the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock valued at $321,000 after purchasing an additional 89 shares in the last quarter. Grove Bank & Trust lifted its position in Emerson Electric by 5.4% during the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock valued at $217,000 after purchasing an additional 90 shares in the last quarter. Silver Lake Advisory LLC lifted its position in Emerson Electric by 0.4% during the fourth quarter. Silver Lake Advisory LLC now owns 24,249 shares of the industrial products company's stock valued at $3,005,000 after purchasing an additional 90 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in Emerson Electric by 0.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company's stock valued at $2,016,000 after purchasing an additional 97 shares in the last quarter. Finally, Sandbox Financial Partners LLC lifted its position in Emerson Electric by 5.3% during the fourth quarter. Sandbox Financial Partners LLC now owns 1,942 shares of the industrial products company's stock valued at $241,000 after purchasing an additional 97 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Up 1.2 %

NYSE:EMR traded up $1.56 on Thursday, reaching $130.41. The stock had a trading volume of 2,441,445 shares, compared to its average volume of 2,903,955. The company has a market cap of $74.27 billion, a price-to-earnings ratio of 38.13, a P/E/G ratio of 2.22 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 firm's fifty day moving average is $127.10 and its two-hundred day moving average is $116.28. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. 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 1.62%. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric's dividend payout ratio is presently 61.70%.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the 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 in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. StockNews.com downgraded Emerson Electric from a "buy" rating to a "hold" rating in a research report on Wednesday, January 1st. Jefferies Financial Group started coverage on Emerson Electric in a report on Thursday, December 12th. They issued a "buy" rating and a $160.00 target price on the stock. Daiwa Capital Markets assumed coverage on Emerson Electric in a research note on Tuesday. They set an "outperform" rating and a $147.00 price objective on the stock. Wells Fargo & Company cut their target price on Emerson Electric from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Finally, KeyCorp upped their target price on Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $136.45.

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.