Sanctuary Advisors LLC Has $26.10 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Sanctuary Advisors LLC boosted its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 18.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 238,653 shares of the industrial products company's stock after buying an additional 37,121 shares during the quarter. Sanctuary Advisors LLC's holdings in Emerson Electric were worth $26,101,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Anchor Investment Management LLC increased its holdings in shares of Emerson Electric by 4.4% in the third quarter. Anchor Investment Management LLC now owns 30,627 shares of the industrial products company's stock valued at $3,350,000 after buying an additional 1,297 shares in the last quarter. Tudor Financial Inc. acquired a new stake in shares of Emerson Electric during the third quarter worth $355,000. TD Private Client Wealth LLC lifted its holdings in shares of Emerson Electric by 3.7% during the third quarter. TD Private Client Wealth LLC now owns 37,905 shares of the industrial products company's stock valued at $4,146,000 after purchasing an additional 1,360 shares during the last quarter. Fortem Financial Group LLC increased its stake in Emerson Electric by 13.3% in the 3rd quarter. Fortem Financial Group LLC now owns 24,223 shares of the industrial products company's stock worth $2,649,000 after purchasing an additional 2,836 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in Emerson Electric by 3.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 4,640 shares of the industrial products company's stock worth $508,000 after buying an additional 147 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 sale, the senior vice president now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an "underweight" rating and a $105.00 price objective for the company. Barclays lifted their price target on Emerson Electric from $116.00 to $135.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Wells Fargo & Company increased their price objective on Emerson Electric from $128.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. StockNews.com upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Sunday, December 8th. Finally, Robert W. Baird raised their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $134.58.

Emerson Electric Stock Performance

Emerson Electric stock traded down $0.47 during trading hours on Friday, hitting $130.69. The stock had a trading volume of 1,461,240 shares, compared to its average volume of 2,737,711. 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 cap of $74.43 billion, a PE ratio of 38.35, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. The company has a 50-day moving average of $121.17 and a two-hundred day moving average of $112.56. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The firm also recently declared 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 yield of 1.61%. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's payout ratio is currently 61.70%.

Emerson Electric Company 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.