Aptus Capital Advisors LLC Increases Stock Position in Emerson Electric Co. (NYSE:EMR)

Aptus Capital Advisors LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 12.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,793 shares of the industrial products company’s stock after buying an additional 966 shares during the period. Aptus Capital Advisors LLC’s holdings in Emerson Electric were worth $962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new position in Emerson Electric in the 3rd quarter worth about $25,000. Transcendent Capital Group LLC bought a new position in shares of Emerson Electric in the first quarter valued at approximately $31,000. Meeder Asset Management Inc. increased its holdings in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares during the period. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric during the 3rd quarter worth approximately $33,000. Finally, Versant Capital Management Inc boosted its holdings in Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 269 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

Shares of EMR stock opened at $129.05 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. Emerson Electric Co. has a fifty-two week low of $87.17 and a fifty-two week high of $131.56. The company has a market capitalization of $73.91 billion, a P/E ratio of 37.73, a PEG ratio of 2.16 and a beta of 1.30. The stock has a 50 day moving average price of $109.98 and a two-hundred day moving average price of $109.71.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is 61.40%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on EMR. Barclays upped their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. KeyCorp lifted their price target on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada lowered their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Morgan Stanley began coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target for the company. Finally, Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $130.00.

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.