Miracle Mile Advisors LLC Increases Position in Emerson Electric Co. (NYSE:EMR)

Miracle Mile Advisors LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 32.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,376 shares of the industrial products company's stock after acquiring an additional 4,467 shares during the period. Miracle Mile Advisors LLC's holdings in Emerson Electric were worth $2,277,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in Emerson Electric in the third quarter valued at $25,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric in the 3rd quarter valued at about $29,000. Meeder Asset Management Inc. increased its holdings in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the third quarter worth about $33,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Emerson Electric in the third quarter valued at about $33,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EMR shares. StockNews.com downgraded Emerson Electric from a "buy" rating to a "hold" rating in a research report on Wednesday, January 1st. Jefferies Financial Group assumed coverage on Emerson Electric in a report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price target for the company. Barclays increased their price objective on 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 initiated coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 target price for the company. Finally, Loop Capital raised their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock 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 issued a buy rating to the stock. According to MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and an average price target of $134.84.

Emerson Electric Trading Up 1.1 %

Shares of NYSE:EMR traded up $1.33 during trading on Tuesday, reaching $119.80. 2,074,186 shares of the stock were exchanged, compared to its average volume of 2,377,436. The firm's 50-day moving average price is $127.30 and its 200 day moving average price is $115.01. The firm has a market cap of $68.23 billion, a price-to-earnings ratio of 35.03, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.76%. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio is presently 61.70%.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value 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 $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.50% of the company's stock.

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.