Integrated Investment Consultants LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 14,648 shares of the industrial products company's stock, valued at approximately $1,815,000.
Several other large investors also recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new position in Emerson Electric during the third quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the 3rd quarter valued at $29,000. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the 3rd quarter worth $33,000. Frazier Financial Advisors LLC bought a new stake in Emerson Electric during the third quarter valued at about $33,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Emerson Electric in the third quarter worth about $43,000. Institutional investors own 74.30% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on EMR. BNP Paribas assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 target price on the stock. UBS Group started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 target price on the stock. Wells Fargo & Company reduced their price target on shares of Emerson Electric from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, Loop Capital boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and an average target price of $135.89.
View Our Latest Research Report on Emerson Electric
Emerson Electric Price Performance
EMR stock traded up $1.36 during midday trading on Friday, reaching $124.65. 4,240,144 shares of the company's stock traded hands, compared to its average volume of 2,513,903. The company has a 50-day simple moving average of $127.05 and a two-hundred day simple moving average of $115.27. The company has a market cap of $70.99 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 1.98 and a beta of 1.35. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85.
Emerson Electric Increases Dividend
The business also recently declared 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. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Friday, November 15th. Emerson Electric's dividend payout ratio is 61.70%.
Insider Transactions at Emerson Electric
In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on 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 completion of the sale, the senior vice president now directly owns 262,408 shares of the company's stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by corporate insiders.
About Emerson Electric
(
Free Report)
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.
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