Advisory Alpha LLC Grows Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Advisory Alpha LLC raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 15.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,218 shares of the industrial products company’s stock after buying an additional 291 shares during the period. Advisory Alpha LLC’s holdings in Emerson Electric were worth $275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth $27,000. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the third quarter worth $25,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric during the third quarter worth $29,000. Frazier Financial Advisors LLC purchased a new position in shares of Emerson Electric during the third quarter worth $33,000. Finally, Morton Brown Family Wealth LLC purchased a new position in Emerson Electric in the third quarter valued at $33,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 1.0 %

EMR opened at $131.20 on Friday. The business’s 50-day simple moving average is $126.98 and its 200-day simple moving average is $115.65. 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 Co. has a one year low of $91.64 and a one year high of $134.85. The stock has a market capitalization of $74.72 billion, a P/E ratio of 38.36, a price-to-earnings-growth ratio of 2.21 and a beta of 1.35.

Emerson Electric Increases Dividend

The business also recently declared 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. The ex-dividend date was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.61%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction dated 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 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 transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of recent research reports. KeyCorp lifted their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Oppenheimer lifted their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Robert W. Baird lifted their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Loop Capital lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric 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.