Emerson Electric Co. (NYSE:EMR) Shares Acquired by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 37,679 shares of the industrial products company’s stock after purchasing an additional 560 shares during the period. TRUE Private Wealth Advisors’ holdings in Emerson Electric were worth $4,121,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in Emerson Electric during the 3rd quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the third quarter worth approximately $29,000. Frazier Financial Advisors LLC purchased a new position in Emerson Electric in the 3rd quarter valued at $33,000. Meeder Asset Management Inc. increased its stake in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the period. Finally, Morton Brown Family Wealth LLC purchased a new position in Emerson Electric during the 3rd quarter worth $33,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $132.62 on Friday. 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 business’s fifty day moving average price is $116.88 and its two-hundred day moving average price is $111.42. The stock has a market cap of $75.62 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30. Emerson Electric Co. has a one year low of $87.59 and a one year high of $134.17.

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. This is an increase 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 yield of 1.59%. Emerson Electric’s payout ratio is presently 61.70%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EMR. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Saturday. BNP Paribas started coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price for the company. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company upped their price target on shares of Emerson Electric from $128.00 to $135.00 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, six have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $130.00.

Insider Buying and Selling 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 value 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. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.25% of the stock is owned by 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.