EagleClaw Capital Managment LLC Acquires 750 Shares of Emerson Electric Co. (NYSE:EMR)

EagleClaw Capital Managment LLC lifted its position in Emerson Electric Co. (NYSE:EMR) by 3.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,956 shares of the industrial products company’s stock after purchasing an additional 750 shares during the period. EagleClaw Capital Managment LLC’s holdings in Emerson Electric were worth $2,729,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new stake in Emerson Electric in the third quarter worth about $25,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric in the 3rd quarter worth $29,000. Transcendent Capital Group LLC acquired a new stake in Emerson Electric during the 1st quarter worth about $31,000. Meeder Asset Management Inc. raised its stake in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares during the last quarter. Finally, Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.3 %

Shares of EMR stock traded up $0.43 on Wednesday, hitting $129.99. The stock had a trading volume of 113,738 shares, compared to its average volume of 2,732,842. The stock’s 50 day moving average is $112.34 and its 200-day moving average is $110.32. Emerson Electric Co. has a 52-week low of $87.55 and a 52-week high of $131.56. The firm has a market capitalization of $74.12 billion, a price-to-earnings ratio of 37.88, a P/E/G ratio of 2.13 and a beta of 1.30. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a dividend of $0.5275 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio is currently 61.70%.

Wall Street Analysts Forecast Growth

Several research firms have commented on EMR. KeyCorp upped their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Oppenheimer increased their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Barclays lifted their target price on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Finally, Robert W. Baird boosted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated 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 of the company’s stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.25% of the stock is currently owned by company insiders.

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.