Emerson Electric Co. (NYSE:EMR) is Eldred Rock Partners LLC’s 10th Largest Position

Eldred Rock Partners LLC raised its holdings in Emerson Electric Co. (NYSE:EMR) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,463 shares of the industrial products company’s stock after purchasing an additional 391 shares during the period. Emerson Electric comprises 3.8% of Eldred Rock Partners LLC’s holdings, making the stock its 10th largest position. Eldred Rock Partners LLC’s holdings in Emerson Electric were worth $11,347,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Capital Performance Advisors LLP acquired a new stake in Emerson Electric in the 3rd quarter worth about $25,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric during the third quarter worth about $29,000. Frazier Financial Advisors LLC acquired a new stake in Emerson Electric in the 3rd quarter valued at about $33,000. Morton Brown Family Wealth LLC purchased a new position in Emerson Electric in the 3rd quarter worth approximately $33,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Emerson Electric in the third quarter valued at approximately $43,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Emerson Electric

In related 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 of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Stock Performance

Shares of EMR stock opened at $124.65 on Monday. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85. The firm has a 50 day moving average of $127.05 and a two-hundred day moving average of $115.27. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $70.99 billion, a PE ratio of 36.45, a P/E/G ratio of 1.98 and a beta of 1.35.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. 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 yield of 1.69%. Emerson Electric’s dividend payout ratio is 61.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EMR shares. Jefferies Financial Group initiated coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. UBS Group began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. Finally, Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $135.89.

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.