M.E. Allison & CO. Inc. Invests $337,000 in Emerson Electric Co. (NYSE:EMR)

M.E. Allison & CO. Inc. purchased a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,720 shares of the industrial products company's stock, valued at approximately $337,000.

Several other hedge funds and other institutional investors have also modified their holdings of EMR. Wilmington Savings Fund Society FSB boosted its stake in shares of Emerson Electric by 120.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock valued at $6,162,000 after purchasing an additional 30,741 shares in the last quarter. Geode Capital Management LLC boosted its position in Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock valued at $1,247,570,000 after buying an additional 162,985 shares in the last quarter. Bank of Montreal Can grew its stake in Emerson Electric by 17.0% during the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company's stock worth $152,359,000 after buying an additional 194,944 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of Emerson Electric by 8.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company's stock worth $7,578,000 after buying an additional 5,416 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in Emerson Electric by 130.0% during the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company's stock worth $1,044,000 after acquiring an additional 5,393 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

Insider Transactions at Emerson Electric

In other 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 owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Emerson Electric Stock Performance

NYSE EMR traded up $1.36 during trading on Monday, reaching $124.65. 4,240,144 shares of the company's stock were exchanged, compared to its average volume of 2,513,903. 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 business has a 50 day moving average price of $127.05 and a 200-day moving average price of $115.31. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The stock has a market capitalization of $70.99 billion, a P/E ratio of 36.45, a PEG ratio of 1.98 and a beta of 1.35.

Emerson Electric Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, November 15th. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.69%. Emerson Electric's dividend payout ratio (DPR) is 61.70%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EMR. Stephens lowered Emerson Electric from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Barclays upped their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price objective for the company. Royal Bank of Canada decreased their price objective on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. Finally, Loop Capital upped 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 assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average 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.