WealthPlan Investment Management LLC increased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 8.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,644 shares of the industrial products company's stock after acquiring an additional 5,347 shares during the quarter. WealthPlan Investment Management LLC's holdings in Emerson Electric were worth $7,726,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of EMR. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the 3rd quarter valued at about $25,000. Transcendent Capital Group LLC bought a new stake in shares of Emerson Electric during the first quarter valued at approximately $31,000. Meeder Asset Management Inc. increased its holdings in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock worth $33,000 after purchasing an additional 235 shares during the period. Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter worth $33,000. Finally, Versant Capital Management Inc grew its holdings in Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company's stock worth $36,000 after acquiring an additional 269 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.
Emerson Electric Price Performance
Shares of Emerson Electric stock traded down $1.39 on Tuesday, hitting $127.81. 889,808 shares of the company were exchanged, compared to its average volume of 2,725,844. The company has a 50-day moving average price of $108.87 and a 200 day moving average price of $109.43. The stock has a market capitalization of $73.20 billion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 2.13 and a beta of 1.30. The company has a quick ratio of 0.86, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 1-year low of $85.91 and a 1-year high of $130.30.
Emerson Electric Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.5275 dividend. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.65%. Emerson Electric's dividend payout ratio is 61.70%.
Insiders Place Their Bets
In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 262,408 shares of the company's stock, valued at $33,052,911.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.25% of the stock is owned by insiders.
Wall Street Analyst Weigh In
EMR has been the topic of several research reports. Barclays lifted their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the company an "equal weight" rating in a report on Wednesday, November 6th. Robert W. Baird upped 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. Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Morgan Stanley assumed coverage on Emerson Electric in a report on Friday, September 6th. They issued an "underweight" rating and a $105.00 price target for the company. Finally, KeyCorp lifted their target price on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $127.65.
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About Emerson Electric
(
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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