Emerson Electric Co. (NYSE:EMR) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 833,171 shares of the industrial products company’s stock after purchasing an additional 26,505 shares during the quarter. LPL Financial LLC’s holdings in Emerson Electric were worth $91,124,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the 3rd quarter worth about $25,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric during the third quarter worth approximately $29,000. Transcendent Capital Group LLC acquired a new position in shares of Emerson Electric in the 1st quarter valued at $31,000. Meeder Asset Management Inc. increased its holdings in shares of 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 buying an additional 235 shares during the last quarter. Finally, Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric in the 3rd quarter worth $33,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on EMR. Wells Fargo & Company upped their price target on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Oppenheimer increased their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday. Barclays raised their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $130.00.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the company’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 sale, the senior vice president now directly owns 262,408 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

Emerson Electric stock opened at $130.07 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $114.02 and a 200-day moving average of $110.77. The stock has a market cap of $74.17 billion, a P/E ratio of 38.03, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30. Emerson Electric Co. has a 52 week low of $87.55 and a 52 week high of $131.56.

Emerson Electric Increases Dividend

The business also recently announced 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. The ex-dividend date is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is presently 61.70%.

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.