InvesTrust acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,365 shares of the industrial products company's stock, valued at approximately $1,536,000.
Other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Emerson Electric during the third quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at $29,000. Meeder Asset Management Inc. boosted its holdings in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock worth $33,000 after purchasing an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC bought a new position in Emerson Electric during the third quarter valued at about $33,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of Emerson Electric during the 3rd quarter worth about $33,000. 74.30% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms recently weighed in on EMR. KeyCorp boosted their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Barclays raised their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. UBS Group began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price target for the company. StockNews.com cut Emerson Electric from a "buy" rating to a "hold" rating in a research report on Wednesday, January 1st. Finally, Oppenheimer raised their target price on Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $134.84.
Check Out Our Latest Stock Analysis on EMR
Emerson Electric Price Performance
Shares of EMR traded down $0.23 during mid-day trading on Wednesday, reaching $120.45. The company had a trading volume of 2,562,484 shares, compared to its average volume of 2,190,897. The company's 50-day moving average is $126.43 and its 200-day moving average is $114.62. 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 has a market capitalization of $68.60 billion, a P/E ratio of 35.22, a P/E/G ratio of 2.20 and a beta of 1.35. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85.
Emerson Electric Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.75%. 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. Emerson Electric's payout ratio is currently 61.70%.
Insider Transactions at Emerson Electric
In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by 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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