Stablepoint Partners LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,707 shares of the industrial products company’s stock, valued at approximately $212,000.
A number of other hedge funds have also recently added to or reduced their stakes in EMR. Blue Square Asset Management LLC lifted its holdings in shares of Emerson Electric by 2.5% in the 4th quarter. Blue Square Asset Management LLC now owns 20,440 shares of the industrial products company’s stock worth $2,533,000 after purchasing an additional 507 shares in the last quarter. Archford Capital Strategies LLC lifted its stake in shares of Emerson Electric by 2.9% in the fourth quarter. Archford Capital Strategies LLC now owns 3,837 shares of the industrial products company’s stock valued at $476,000 after buying an additional 107 shares in the last quarter. Insight Inv LLC grew its holdings in shares of Emerson Electric by 5.4% during the fourth quarter. Insight Inv LLC now owns 16,480 shares of the industrial products company’s stock valued at $2,042,000 after buying an additional 850 shares during the last quarter. Advocate Group LLC raised its holdings in shares of Emerson Electric by 8.2% in the 4th quarter. Advocate Group LLC now owns 73,751 shares of the industrial products company’s stock worth $9,140,000 after acquiring an additional 5,619 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Emerson Electric by 1.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 45,892 shares of the industrial products company’s stock valued at $5,687,000 after acquiring an additional 869 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.
Insider Activity
In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.
Emerson Electric Stock Down 0.4 %
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 paid a $0.5275 dividend. This is an increase 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 annualized dividend and a dividend yield of 1.62%. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on EMR shares. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Wells Fargo & Company reduced 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. Robert W. Baird raised their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Royal Bank of Canada reduced their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.89.
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.
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