1,655 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,655 shares of the industrial products company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric during the third quarter worth $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric during the fourth quarter worth about $27,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric in the 3rd quarter valued at about $29,000. Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC bought a new position in Emerson Electric during the 3rd quarter worth approximately $33,000. Institutional investors own 74.30% of the company’s stock.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction 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 owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EMR shares. BNP Paribas assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective on the stock. Loop Capital lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Robert W. Baird lifted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, KeyCorp increased their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Stock Performance

Shares of EMR opened at $129.51 on Wednesday. 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 firm has a 50-day moving average of $126.96 and a 200-day moving average of $115.41. The company has a market cap of $73.76 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.12 and a beta of 1.35. Emerson Electric Co. has a one year low of $91.64 and a one year high of $134.85.

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 given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is 61.70%.

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.