WealthPLAN Partners LLC Has $3.62 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

WealthPLAN Partners LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 18.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,092 shares of the industrial products company's stock after purchasing an additional 5,207 shares during the period. WealthPLAN Partners LLC's holdings in Emerson Electric were worth $3,619,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Newport Trust Company LLC acquired a new position in Emerson Electric in the second quarter valued at approximately $574,908,000. Pathway Financial Advisers LLC lifted its position in Emerson Electric by 10,993.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company's stock valued at $226,443,000 after purchasing an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp grew its position in Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock worth $422,852,000 after purchasing an additional 2,016,075 shares during the last quarter. Swedbank AB increased its stake in shares of Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock valued at $278,285,000 after purchasing an additional 1,424,800 shares during the period. Finally, Perpetual Ltd boosted its position in shares of Emerson Electric by 57,336.1% during the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company's stock worth $131,918,000 after buying an additional 1,204,058 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Down 0.7 %

Shares of Emerson Electric stock traded down $0.84 on Tuesday, hitting $128.36. 833,375 shares of the company traded hands, compared to its average volume of 2,725,587. Emerson Electric Co. has a 12-month low of $85.91 and a 12-month high of $130.30. The company has a 50-day moving average price of $108.87 and a 200 day moving average price of $109.43. The company has a quick ratio of 0.86, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The company has a market cap of $73.51 billion, a PE ratio of 37.78, a PEG ratio of 2.13 and a beta of 1.30.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a $0.5275 dividend. The ex-dividend date of this dividend is 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 yield of 1.64%. Emerson Electric's dividend payout ratio (DPR) is presently 61.70%.

Analysts Set New Price Targets

EMR has been the topic of several recent analyst reports. KeyCorp lifted their target price on Emerson Electric from $125.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Royal Bank of Canada dropped their price target on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Finally, Barclays upped their target price on Emerson Electric from $103.00 to $116.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $127.65.

Insider Activity at Emerson Electric

In other 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 owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by corporate insiders.

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.