Horizon Kinetics Asset Management LLC Buys 6,200 Shares of Emerson Electric Co. (NYSE:EMR)

Horizon Kinetics Asset Management LLC increased its position in Emerson Electric Co. (NYSE:EMR) by 34.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,297 shares of the industrial products company’s stock after buying an additional 6,200 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Emerson Electric were worth $2,657,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric during the third quarter worth about $25,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the 3rd quarter worth approximately $29,000. Frazier Financial Advisors LLC bought a new stake in shares of Emerson Electric in the 3rd quarter worth approximately $33,000. Meeder Asset Management Inc. raised its holdings in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares in the last quarter. Finally, Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric in the third quarter worth $33,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Up 1.1 %

Shares of NYSE EMR opened at $131.50 on Monday. The company has a market cap of $74.98 billion, a PE ratio of 38.03, a P/E/G ratio of 2.18 and a beta of 1.30. 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 firm’s 50 day moving average price is $114.02 and its 200-day moving average price is $110.75. Emerson Electric Co. has a 52-week low of $87.55 and a 52-week high of $131.67.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.60%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Insider Transactions at Emerson Electric

In other 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 transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $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 is available at the SEC website. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on EMR. Barclays upped their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Royal Bank of Canada lowered their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Morgan Stanley initiated coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. Finally, Wells Fargo & Company upped their price target on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $130.00.

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.