Emerson Electric Co. (NYSE:EMR) Holdings Raised by Proquility Private Wealth Partners LLC

Proquility Private Wealth Partners LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,596 shares of the industrial products company’s stock after buying an additional 275 shares during the period. Proquility Private Wealth Partners LLC’s holdings in Emerson Electric were worth $3,792,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. raised its stake in Emerson Electric by 8.7% during the 2nd quarter. Pacer Advisors Inc. now owns 52,061 shares of the industrial products company’s stock valued at $5,735,000 after purchasing an additional 4,176 shares during the period. Sei Investments Co. raised its position in Emerson Electric by 8.4% during the second quarter. Sei Investments Co. now owns 263,161 shares of the industrial products company’s stock valued at $28,985,000 after buying an additional 20,332 shares during the period. Thrivent Financial for Lutherans lifted its stake in Emerson Electric by 1.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 29,956 shares of the industrial products company’s stock worth $3,301,000 after acquiring an additional 347 shares in the last quarter. Ensign Peak Advisors Inc boosted its position in Emerson Electric by 4.9% during the 2nd quarter. Ensign Peak Advisors Inc now owns 53,718 shares of the industrial products company’s stock worth $5,918,000 after acquiring an additional 2,485 shares during the period. Finally, Frank Rimerman Advisors LLC increased its holdings in shares of Emerson Electric by 22,000.0% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 4,641 shares of the industrial products company’s stock valued at $511,000 after purchasing an additional 4,620 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $129.51 on Wednesday. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85. The company has a market cap of $73.76 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 2.12 and a beta of 1.35. The business has a 50 day moving average price of $126.96 and a 200 day moving average price of $115.41. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.63%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is 61.70%.

Analyst Upgrades and Downgrades

Several research firms recently commented on EMR. Barclays raised their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Loop Capital upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. UBS Group started coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.89.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.50% of the company’s stock.

About Emerson Electric

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.