Capital Investment Counsel LLC Has $5.28 Million Position in Emerson Electric Co. (NYSE:EMR)

Capital Investment Counsel LLC lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 4.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,271 shares of the industrial products company’s stock after buying an additional 2,190 shares during the quarter. Capital Investment Counsel LLC’s holdings in Emerson Electric were worth $5,279,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric during the third quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric during the 3rd quarter worth $29,000. Transcendent Capital Group LLC bought a new position in Emerson Electric in the 1st quarter valued at $31,000. Meeder Asset Management Inc. increased its stake in shares of Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the period. Finally, Morton Brown Family Wealth LLC bought a new stake in shares of Emerson Electric during the third quarter worth $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

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

Analyst Ratings Changes

Several research firms recently issued reports on EMR. BNP Paribas assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Morgan Stanley started coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. Finally, Oppenheimer lifted their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $130.00.

Emerson Electric Price Performance

NYSE EMR opened at $130.07 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 52-week low of $87.55 and a 52-week high of $131.56. The business has a 50 day simple moving average of $114.02 and a 200 day simple moving average of $110.77. The stock has a market cap of $74.17 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 2.15 and a beta of 1.30.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

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.