Prospera Financial Services Inc Purchases 29,179 Shares of Emerson Electric Co. (NYSE:EMR)

Prospera Financial Services Inc increased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 89.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 61,974 shares of the industrial products company's stock after purchasing an additional 29,179 shares during the period. Prospera Financial Services Inc's holdings in Emerson Electric were worth $6,781,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Emerson Electric in the 3rd quarter valued at approximately $25,000. Transcendent Capital Group LLC bought a new stake in Emerson Electric during the 1st quarter worth approximately $31,000. Meeder Asset Management Inc. boosted its position in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock valued at $33,000 after buying an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the 3rd quarter valued at $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Price Performance

EMR traded down $0.46 during trading on Wednesday, hitting $129.10. 2,277,271 shares of the stock traded hands, compared to its average volume of 2,742,457. Emerson Electric Co. has a twelve month low of $87.55 and a twelve month high of $131.56. The company has a market cap of $73.61 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.13 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The business has a 50 day moving average price of $112.34 and a 200 day moving average price of $110.32.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric's payout ratio is currently 61.70%.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business's stock in a transaction on 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 sale, the senior vice president now owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. UBS Group began coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 price target on the stock. Robert W. Baird lifted their price target on Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Barclays lifted their price target on Emerson Electric from $103.00 to $116.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. cut Emerson Electric from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.