Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 64.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,861 shares of the industrial products company's stock after purchasing an additional 8,925 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Emerson Electric were worth $2,833,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in EMR. Brown Brothers Harriman & Co. boosted its stake in Emerson Electric by 8.4% during the second quarter. Brown Brothers Harriman & Co. now owns 47,924 shares of the industrial products company's stock valued at $5,279,000 after buying an additional 3,715 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Emerson Electric by 17.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,796 shares of the industrial products company's stock valued at $259,809,000 after acquiring an additional 355,106 shares during the last quarter. One Capital Management LLC grew its holdings in shares of Emerson Electric by 77.5% in the second quarter. One Capital Management LLC now owns 3,379 shares of the industrial products company's stock valued at $372,000 after purchasing an additional 1,475 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Emerson Electric during the second quarter valued at $61,304,000. Finally, WealthPLAN Partners LLC purchased a new position in shares of Emerson Electric in the 2nd quarter worth $3,072,000. 74.30% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Emerson Electric
In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction 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 owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.50% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on EMR. Loop Capital upped their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Barclays raised their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. StockNews.com downgraded Emerson Electric from a "buy" rating to a "hold" rating in a research report on Wednesday, January 1st. Robert W. Baird raised their price target on Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.89.
View Our Latest Report on Emerson Electric
Emerson Electric Stock Up 0.8 %
NYSE EMR traded up $0.96 on Wednesday, reaching $120.75. 2,405,515 shares of the stock traded hands, compared to its average volume of 2,380,528. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The company has a fifty day moving average price of $127.30 and a 200-day moving average price of $115.01. The company has a market cap of $68.77 billion, a price-to-earnings ratio of 35.31, a PEG ratio of 2.19 and a beta of 1.35.
Emerson Electric Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.75%. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric's dividend payout ratio is presently 61.70%.
Emerson Electric Profile
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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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