Peterson Financial Group Inc. Invests $53,000 in Emerson Electric Co. (NYSE:EMR)

Peterson Financial Group Inc. acquired a new position in Emerson Electric Co. (NYSE:EMR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 481 shares of the industrial products company’s stock, valued at approximately $53,000.

Several other large investors have also recently modified their holdings of the stock. Frazier Financial Advisors LLC purchased a new position in shares of Emerson Electric in the third quarter worth about $33,000. Natixis Advisors LLC increased its holdings in shares of Emerson Electric by 5.5% in the third quarter. Natixis Advisors LLC now owns 331,966 shares of the industrial products company’s stock worth $36,307,000 after buying an additional 17,372 shares during the period. Coastline Trust Co increased its holdings in shares of Emerson Electric by 0.7% in the third quarter. Coastline Trust Co now owns 27,219 shares of the industrial products company’s stock worth $2,977,000 after buying an additional 202 shares during the period. Linscomb Wealth Inc. increased its holdings in shares of Emerson Electric by 1.4% in the third quarter. Linscomb Wealth Inc. now owns 35,019 shares of the industrial products company’s stock worth $3,830,000 after buying an additional 485 shares during the period. Finally, Altrius Capital Management Inc increased its holdings in shares of Emerson Electric by 3.1% in the third quarter. Altrius Capital Management Inc now owns 43,883 shares of the industrial products company’s stock worth $4,799,000 after buying an additional 1,317 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business’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 value of $2,711,289.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EMR. UBS Group began coverage on Emerson Electric in a report on Wednesday. They issued a “neutral” rating and a $135.00 price objective on the stock. KeyCorp raised their target price on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Morgan Stanley began coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $130.00.

Emerson Electric Stock Performance

Shares of EMR opened at $126.78 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average price is $111.14 and its 200-day moving average price is $109.98. Emerson Electric Co. has a 52 week low of $87.17 and a 52 week high of $131.56. The stock has a market cap of $72.29 billion, a P/E ratio of 37.07, a P/E/G ratio of 2.13 and a beta of 1.30.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s payout ratio is currently 61.40%.

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.