Plotkin Financial Advisors LLC Takes Position in Emerson Electric Co. (NYSE:EMR)

Plotkin Financial Advisors LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,266 shares of the industrial products company’s stock, valued at approximately $248,000.

A number of other institutional investors have also recently bought and sold shares of EMR. Thrive Wealth Management LLC grew its position in Emerson Electric by 4.1% in the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 91 shares during the period. LCM Capital Management Inc increased its position in shares of Emerson Electric by 1.4% during the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock valued at $748,000 after purchasing an additional 91 shares during the last quarter. Sabal Trust CO lifted its stake in shares of Emerson Electric by 2.2% in the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock worth $475,000 after purchasing an additional 93 shares during the period. Catalyst Financial Partners LLC grew its position in Emerson Electric by 3.7% during the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after buying an additional 94 shares during the period. Finally, Unison Advisors LLC increased its holdings in Emerson Electric by 0.5% during the second quarter. Unison Advisors LLC now owns 21,016 shares of the industrial products company’s stock valued at $2,315,000 after buying an additional 96 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Insider Activity

In other 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 transaction of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Trading Up 0.0 %

EMR opened at $132.60 on Friday. The stock has a fifty day moving average price of $116.88 and a 200-day moving average price of $111.40. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 12 month low of $87.59 and a 12 month high of $134.17. The firm has a market cap of $75.61 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 2.23 and a beta of 1.30.

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 given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.59%. 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. Emerson Electric’s dividend payout ratio is presently 61.70%.

Analyst Ratings Changes

EMR has been the subject of a number of recent research reports. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Morgan Stanley assumed coverage on shares of Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. BNP Paribas assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. Finally, UBS Group initiated coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $130.00.

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.