True Vision MN LLC Grows Stake in Emerson Electric Co. (NYSE:EMR)

True Vision MN LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 12.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,204 shares of the industrial products company’s stock after purchasing an additional 457 shares during the quarter. True Vision MN LLC’s holdings in Emerson Electric were worth $460,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. 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 shares of Emerson Electric in the 3rd quarter valued at approximately $29,000. Meeder Asset Management Inc. boosted its stake in Emerson Electric by 361.5% in the 2nd 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 in the last quarter. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric during the 3rd quarter worth approximately $33,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Emerson Electric in the third quarter worth $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EMR shares. Barclays boosted their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Oppenheimer raised 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. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, BNP Paribas began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $130.00.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded up $0.52 on Wednesday, hitting $133.52. The company’s stock had a trading volume of 80,900 shares, compared to its average volume of 2,743,876. The company has a market capitalization of $76.13 billion, a price-to-earnings ratio of 38.89, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $87.55 and a 1 year high of $134.17. The firm has a fifty day moving average price of $115.21 and a 200-day moving average price of $111.00. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, November 15th. 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 yield of 1.58%. Emerson Electric’s dividend payout ratio is currently 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.