Charter Oak Capital Management LLC Acquires New Stake in Emerson Electric Co. (NYSE:EMR)

Charter Oak Capital Management LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,775 shares of the industrial products company’s stock, valued at approximately $220,000.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EMR shares. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. BNP Paribas initiated coverage on Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Loop Capital boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, UBS Group started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Stock Down 1.3 %

EMR opened at $128.89 on Tuesday. 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 stock has a fifty day moving average of $127.10 and a 200-day moving average of $115.98. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The company has a market capitalization of $73.41 billion, a P/E ratio of 37.69, a P/E/G ratio of 2.22 and a beta of 1.35.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is presently 61.70%.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction 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 directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by company insiders.

Emerson Electric 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.