M.E. Allison & CO. Inc. Takes $337,000 Position in Emerson Electric Co. (NYSE:EMR)

M.E. Allison & CO. Inc. purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,720 shares of the industrial products company’s stock, valued at approximately $337,000.

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

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent research reports. Loop Capital increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. KeyCorp raised their price target on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. BNP Paribas assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. Finally, Wells Fargo & Company decreased their price objective on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.89.

Emerson Electric Stock Up 1.1 %

NYSE EMR opened at $124.65 on Monday. The business has a fifty day moving average price of $127.05 and a 200 day moving average price of $115.27. Emerson Electric Co. has a one year low of $91.64 and a one year high of $134.85. 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 company has a market cap of $70.99 billion, a P/E ratio of 36.45, a P/E/G ratio of 1.98 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. Investors of record on Friday, November 15th were paid a dividend of $0.5275 per share. This is a boost 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 payout ratio is presently 61.70%.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the company’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 completion of the transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by corporate insiders.

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.