Merit Financial Group LLC Has $2.94 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Merit Financial Group LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 59.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,695 shares of the industrial products company's stock after buying an additional 8,834 shares during the period. Merit Financial Group LLC's holdings in Emerson Electric were worth $2,937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the 3rd quarter valued at $25,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric in the third quarter valued at about $29,000. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric in the 3rd quarter worth about $33,000. Frazier Financial Advisors LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter worth about $33,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $43,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EMR has been the subject of a number of analyst reports. Robert W. Baird lifted their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Loop Capital upped their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. Barclays raised their target price on Emerson Electric from $116.00 to $135.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upped their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company reduced their target price on Emerson Electric from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $135.89.

Emerson Electric Price Performance

Shares of EMR stock traded up $1.36 during mid-day trading on Monday, reaching $124.65. The company's stock had a trading volume of 4,240,144 shares, compared to its average volume of 2,513,903. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The firm's 50-day moving average is $127.05 and its two-hundred day moving average is $115.31. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85. The company has a market cap 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 announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.69%. Emerson Electric's dividend payout ratio is presently 61.70%.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 completion of the transaction, the senior vice president now directly owns 262,408 shares of the company's stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Company 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.