Red Door Wealth Management LLC Grows Stock Position in Emerson Electric Co. (NYSE:EMR)

Red Door Wealth Management LLC raised its holdings in Emerson Electric Co. (NYSE:EMR) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,247 shares of the industrial products company’s stock after buying an additional 140 shares during the quarter. Red Door Wealth Management LLC’s holdings in Emerson Electric were worth $526,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric during the 3rd quarter worth $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric during the 4th quarter worth about $27,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric during the 3rd quarter worth approximately $29,000. Morton Brown Family Wealth LLC purchased a new position in Emerson Electric in the third quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in Emerson Electric during the third quarter valued at approximately $33,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 1.0 %

NYSE EMR opened at $131.20 on Friday. The firm has a market capitalization of $74.72 billion, a PE ratio of 38.36, a price-to-earnings-growth ratio of 2.21 and a beta of 1.35. Emerson Electric Co. has a one year low of $91.64 and a one year high of $134.85. The company has a 50-day simple moving average of $126.98 and a 200-day simple moving average of $115.65. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued 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 was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.61%. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group started coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Oppenheimer increased their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. lowered their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company reduced their price target on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.89.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’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 sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

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.