Nations Financial Group Inc. IA ADV lifted its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 21.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,533 shares of the industrial products company's stock after acquiring an additional 6,031 shares during the quarter. Nations Financial Group Inc. IA ADV's holdings in Emerson Electric were worth $3,668,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital Performance Advisors LLP purchased a new stake in Emerson Electric during the third quarter valued at approximately $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Emerson Electric in the 1st quarter worth $31,000. Meeder Asset Management Inc. grew its stake 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 worth $33,000 after buying an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the 3rd quarter valued at about $33,000. Finally, Versant Capital Management Inc raised its position in shares of Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 269 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.
Insider Activity at Emerson Electric
In related news, SVP Michael H. Train sold 21,525 shares of the company's stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 262,408 shares of the company's stock, valued at $33,052,911.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.25% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Barclays boosted their price target on Emerson Electric from $103.00 to $116.00 and gave the company an "equal weight" rating in a report on Wednesday, November 6th. Wells Fargo & Company raised their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Robert W. Baird upped their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Royal Bank of Canada dropped their target price 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, Deutsche Bank Aktiengesellschaft increased their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $127.65.
Check Out Our Latest Stock Report on Emerson Electric
Emerson Electric Stock Up 1.5 %
NYSE:EMR traded up $1.94 during midday trading on Monday, reaching $129.20. The company had a trading volume of 3,037,974 shares, compared to its average volume of 2,734,266. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $73.99 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 2.13 and a beta of 1.30. The stock's fifty day simple moving average is $108.39 and its 200-day simple moving average is $109.30. Emerson Electric Co. has a 12-month low of $85.91 and a 12-month high of $130.00.
Emerson Electric Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.63%. Emerson Electric's payout ratio is presently 61.70%.
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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