Relyea Zuckerberg Hanson LLC Acquires 2,093 Shares of Emerson Electric Co. (NYSE:EMR)

Relyea Zuckerberg Hanson LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 39.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,377 shares of the industrial products company's stock after acquiring an additional 2,093 shares during the quarter. Relyea Zuckerberg Hanson LLC's holdings in Emerson Electric were worth $914,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Emerson Electric during the 3rd quarter worth $25,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric during the 3rd quarter valued at approximately $29,000. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric in the 3rd quarter valued at approximately $33,000. Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric during the third quarter worth approximately $33,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Emerson Electric in the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Analysts Set New Price Targets

EMR has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price 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. StockNews.com cut shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Wednesday, January 1st. Wells Fargo & Company cut their price target on Emerson Electric from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Jefferies Financial Group assumed coverage on Emerson Electric in a report on Thursday, December 12th. They set a "buy" rating and a $160.00 price objective on the stock. Finally, Stephens lowered Emerson Electric from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $135.89.

Insider Activity at Emerson Electric

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

Emerson Electric Price Performance

Shares of EMR traded up $1.36 on Friday, hitting $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 50 day moving average price of $127.05 and a 200 day moving average price of $115.22. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The company has a market capitalization of $70.99 billion, a PE ratio of 36.45, a PEG ratio of 1.98 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a $0.5275 dividend. The ex-dividend date was Friday, November 15th. This is a positive change 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 (DPR) is 61.70%.

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.