Integrated Investment Consultants LLC Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Integrated Investment Consultants LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 14,648 shares of the industrial products company’s stock, valued at approximately $1,815,000.

A number of other hedge funds also recently modified their holdings of the stock. Wealth Alliance purchased a new stake in Emerson Electric in the second quarter worth $212,000. Intech Investment Management LLC increased its holdings in Emerson Electric by 30.2% in the 2nd quarter. Intech Investment Management LLC now owns 23,677 shares of the industrial products company’s stock worth $2,608,000 after acquiring an additional 5,497 shares during the last quarter. Brighton Jones LLC raised its stake in Emerson Electric by 9.3% in the 2nd quarter. Brighton Jones LLC now owns 6,555 shares of the industrial products company’s stock valued at $722,000 after acquiring an additional 560 shares during the period. Ieq Capital LLC lifted its holdings in Emerson Electric by 22.4% during the second quarter. Ieq Capital LLC now owns 26,287 shares of the industrial products company’s stock valued at $2,896,000 after purchasing an additional 4,810 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Emerson Electric by 13.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 31,043 shares of the industrial products company’s stock worth $3,420,000 after purchasing an additional 3,715 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction that occurred on 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 $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Stock Up 1.1 %

Shares of NYSE:EMR opened at $124.65 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. The firm has a market capitalization of $70.99 billion, a P/E ratio of 36.45, a P/E/G ratio of 1.98 and a beta of 1.35. The stock has a 50 day moving average price of $127.10 and a 200-day moving average price of $115.11. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week high of $134.85.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.69%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Royal Bank of Canada cut their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Loop Capital boosted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Jefferies Financial Group initiated coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price for the company. Finally, StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.89.

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.