Nisa Investment Advisors LLC Increases Stake in Emerson Electric Co. (NYSE:EMR)

Nisa Investment Advisors LLC raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 199,650 shares of the industrial products company’s stock after buying an additional 1,565 shares during the period. Nisa Investment Advisors LLC’s holdings in Emerson Electric were worth $24,743,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. increased its stake in shares of Emerson Electric by 8.4% in the second quarter. Sei Investments Co. now owns 263,161 shares of the industrial products company’s stock worth $28,985,000 after purchasing an additional 20,332 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Emerson Electric by 1.2% in the second quarter. Thrivent Financial for Lutherans now owns 29,956 shares of the industrial products company’s stock worth $3,301,000 after purchasing an additional 347 shares in the last quarter. Ensign Peak Advisors Inc increased its stake in shares of Emerson Electric by 4.9% in the second quarter. Ensign Peak Advisors Inc now owns 53,718 shares of the industrial products company’s stock worth $5,918,000 after purchasing an additional 2,485 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Emerson Electric by 1.9% in the second quarter. Gabelli Funds LLC now owns 5,380 shares of the industrial products company’s stock worth $593,000 after purchasing an additional 100 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Emerson Electric by 75.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,613 shares of the industrial products company’s stock worth $306,000 after purchasing an additional 1,126 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barclays raised their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. KeyCorp raised their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Wells Fargo & Company cut their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. cut 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, January 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Emerson Electric Price Performance

Emerson Electric stock opened at $130.02 on Thursday. The firm has a 50-day moving average price of $126.98 and a 200-day moving average price of $115.55. The firm has a market capitalization of $74.05 billion, a PE ratio of 38.02, a price-to-earnings-growth ratio of 2.13 and a beta of 1.35. 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 12-month low of $91.64 and a 12-month high of $134.85.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a dividend of $0.5275 per share. 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. This represents a $2.11 dividend on an annualized basis and a yield of 1.62%. Emerson Electric’s dividend payout ratio (DPR) 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.