Emerson Electric Co. (NYSE:EMR) Shares Bought by Heritage Family Offices LLP

Heritage Family Offices LLP grew its holdings in Emerson Electric Co. (NYSE:EMRFree Report) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,295 shares of the industrial products company’s stock after purchasing an additional 709 shares during the quarter. Emerson Electric makes up approximately 0.9% of Heritage Family Offices LLP’s portfolio, making the stock its 27th largest holding. Heritage Family Offices LLP’s holdings in Emerson Electric were worth $1,772,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EMR. Capital Performance Advisors LLP acquired a new stake in Emerson Electric during the 3rd quarter valued at $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the third quarter valued at $29,000. Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric during the third quarter valued at $33,000. Frazier Financial Advisors LLC purchased a new stake in Emerson Electric during the 3rd quarter worth about $33,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Emerson Electric in the 3rd quarter valued at about $43,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

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 stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following 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 legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock opened at $120.75 on Thursday. The company’s fifty day simple moving average is $127.30 and its 200-day simple moving average is $115.01. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85. The company has a market cap of $68.77 billion, a PE ratio of 35.31, a P/E/G ratio of 1.98 and a beta of 1.35.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is currently 61.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. JPMorgan Chase & Co. lowered their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday. KeyCorp increased their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. UBS Group initiated coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective for the company. Finally, Jefferies Financial Group started coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $135.89.

Check Out Our Latest Stock Analysis on EMR

About Emerson Electric

(Free Report)

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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