Meridian Wealth Management LLC Purchases Shares of 34,306 Emerson Electric Co. (NYSE:EMR)

Meridian Wealth Management LLC bought a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,306 shares of the industrial products company's stock, valued at approximately $3,752,000.

Other large investors also recently made changes to their positions in the company. Newport Trust Company LLC bought a new position in shares of Emerson Electric in the second quarter valued at approximately $574,908,000. Pathway Financial Advisers LLC lifted its position in Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company's stock worth $226,443,000 after purchasing an additional 2,051,764 shares during the period. Van ECK Associates Corp increased its position in shares of Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the period. Swedbank AB raised its stake in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock worth $278,285,000 after buying an additional 1,424,800 shares in the last quarter. Finally, Perpetual Ltd boosted its stake in Emerson Electric by 57,336.1% during the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company's stock valued at $131,918,000 after buying an additional 1,204,058 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Insider Buying and Selling 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 stock was 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 owns 262,408 shares of the company's stock, valued at approximately $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 accessible through this link. Corporate insiders own 0.25% of the company's stock.

Emerson Electric Stock Up 1.4 %

Shares of Emerson Electric stock traded up $1.80 on Friday, hitting $130.07. 2,212,844 shares of the company traded hands, compared to its average volume of 3,198,574. 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 12-month low of $87.55 and a 12-month high of $131.56. The company has a 50-day moving average price of $114.02 and a 200 day moving average price of $110.74. The company has a market cap of $74.17 billion, a PE ratio of 38.03, a PEG ratio of 2.15 and a beta of 1.30.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio (DPR) is presently 61.70%.

Analysts Set New Price Targets

EMR has been the subject of a number of research analyst reports. UBS Group assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 price target for the company. Barclays increased their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 6th. Oppenheimer upped their price target on Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, September 26th. BNP Paribas assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an "outperform" rating and a $155.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus price target of $130.00.

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.