Emerson Electric Co. (NYSE:EMR) Shares Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 121.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,065 shares of the industrial products company’s stock after purchasing an additional 2,781 shares during the period. CreativeOne Wealth LLC’s holdings in Emerson Electric were worth $554,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EMR shares. Wells Fargo & Company upped their target price on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. UBS Group assumed coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target on the stock. 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 objective for the company. Robert W. Baird boosted their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric Stock Performance

Shares of EMR stock opened at $132.60 on Monday. 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 market cap of $75.61 billion, a PE ratio of 38.77, a P/E/G ratio of 2.23 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $87.59 and a 1 year high of $134.17. The stock has a fifty day moving average price of $116.88 and a 200 day moving average price of $111.38.

Emerson Electric Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.59%. Emerson Electric’s payout ratio is currently 61.70%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the 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 directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by 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.