PFW Advisors LLC Invests $2.60 Million in Emerson Electric Co. (NYSE:EMR)

PFW Advisors LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,968 shares of the industrial products company's stock, valued at approximately $2,599,000. Emerson Electric accounts for approximately 0.8% of PFW Advisors LLC's investment portfolio, making the stock its 27th largest position.

Several other large investors have also recently added to or reduced their stakes in the stock. State Street Corp lifted its position in Emerson Electric by 6.2% during the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock worth $2,822,858,000 after acquiring an additional 1,507,980 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Emerson Electric by 4.2% during the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock worth $1,591,612,000 after purchasing an additional 581,102 shares in the last quarter. Geode Capital Management LLC grew its holdings in Emerson Electric by 1.4% during the 3rd 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 purchasing an additional 162,985 shares in the last quarter. Nordea Investment Management AB increased its stake in Emerson Electric by 5.7% during the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock worth $871,083,000 after buying an additional 375,470 shares during the period. Finally, Newport Trust Company LLC purchased a new position in Emerson Electric in the 2nd quarter valued at about $574,908,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Up 0.5 %

Shares of EMR traded up $0.56 during trading hours on Monday, reaching $118.50. The company's stock had a trading volume of 2,254,852 shares, compared to its average volume of 2,417,916. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm has a market cap of $67.49 billion, a price-to-earnings ratio of 34.65, a P/E/G ratio of 2.19 and a beta of 1.35. The company has a 50 day moving average of $127.08 and a two-hundred day moving average of $114.87. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.78%. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio (DPR) is 61.70%.

Analyst Upgrades and Downgrades

EMR has been the topic of several recent analyst reports. BNP Paribas began coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price target on the stock. Loop Capital lifted 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. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Robert W. Baird upped 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. Finally, StockNews.com downgraded Emerson Electric from a "buy" rating to a "hold" rating in a research note on Wednesday, January 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.84.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company's stock in a transaction that occurred 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 $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.