Kathmere Capital Management LLC Makes New $498,000 Investment in Emerson Electric Co. (NYSE:EMR)

Kathmere Capital Management LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,022 shares of the industrial products company’s stock, valued at approximately $498,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EMR. Creative Financial Designs Inc. ADV grew its stake in shares of Emerson Electric by 0.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company’s stock worth $2,016,000 after acquiring an additional 97 shares in the last quarter. Wedmont Private Capital grew its position in Emerson Electric by 2.0% in the third quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock valued at $557,000 after purchasing an additional 99 shares in the last quarter. Unison Advisors LLC increased its stake in Emerson Electric by 0.5% in the 3rd quarter. Unison Advisors LLC now owns 21,115 shares of the industrial products company’s stock valued at $2,309,000 after buying an additional 99 shares during the last quarter. Chesapeake Wealth Management lifted its position in Emerson Electric by 5.5% during the 2nd quarter. Chesapeake Wealth Management now owns 1,930 shares of the industrial products company’s stock worth $213,000 after buying an additional 100 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of Emerson Electric by 1.9% during the 2nd quarter. Gabelli Funds LLC now owns 5,380 shares of the industrial products company’s stock worth $593,000 after buying an additional 100 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on EMR. JPMorgan Chase & Co. cut their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. BNP Paribas assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted 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. Finally, Royal Bank of Canada dropped their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. One research 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’s stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Insider Transactions at Emerson Electric

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 completion of 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 filing with the SEC, which is available through this link. Corporate insiders own 0.50% of the company’s stock.

Emerson Electric Stock Up 0.8 %

Shares of NYSE EMR opened at $120.75 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The company has a 50 day simple moving average of $127.30 and a 200 day simple moving average of $115.01. The firm has a market cap of $68.77 billion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35.

Emerson Electric Increases Dividend

The firm 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. This represents a $2.11 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

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.