Emerson Electric Co. (NYSE:EMR) Shares Purchased by Stonegate Investment Group LLC

Stonegate Investment Group LLC boosted its stake in Emerson Electric Co. (NYSE:EMR) by 5.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,655 shares of the industrial products company’s stock after purchasing an additional 470 shares during the period. Stonegate Investment Group LLC’s holdings in Emerson Electric were worth $1,197,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in EMR. Thrivent Financial for Lutherans grew its position in Emerson Electric by 1.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 29,956 shares of the industrial products company’s stock valued at $3,301,000 after acquiring an additional 347 shares in the last quarter. Public Sector Pension Investment Board increased its stake in Emerson Electric by 74.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 22,077 shares of the industrial products company’s stock worth $2,432,000 after buying an additional 9,443 shares during the period. AQR Capital Management LLC lifted its holdings in Emerson Electric by 43.5% during the 2nd quarter. AQR Capital Management LLC now owns 47,192 shares of the industrial products company’s stock worth $5,174,000 after buying an additional 14,301 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Emerson Electric by 1.1% in the second quarter. Mackenzie Financial Corp now owns 59,437 shares of the industrial products company’s stock worth $6,548,000 after acquiring an additional 621 shares in the last quarter. Finally, Kathmere Capital Management LLC purchased a new stake in shares of Emerson Electric during the second quarter worth $202,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Emerson Electric stock opened at $128.89 on Tuesday. The business has a 50 day simple moving average of $127.10 and a 200-day simple moving average of $115.98. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The stock has a market capitalization of $73.41 billion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.64%. Emerson Electric’s payout ratio is presently 61.70%.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred on Wednesday, November 6th. The stock was 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. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. KeyCorp boosted their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. lowered their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Robert W. Baird raised their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Royal Bank of Canada lowered their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $136.45.

About Emerson Electric

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.