27,288 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Ibex Wealth Advisors

Ibex Wealth Advisors purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, HoldingsChannel reports. The fund purchased 27,288 shares of the industrial products company’s stock, valued at approximately $3,382,000.

A number of other large investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric in the third quarter valued at approximately $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric in the 4th quarter valued at about $27,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at about $29,000. Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the third quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $33,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.2 %

Shares of EMR stock traded down $0.22 during mid-day trading on Wednesday, hitting $129.78. The company’s stock had a trading volume of 125,927 shares, compared to its average volume of 2,812,572. The company’s fifty day simple moving average is $127.10 and its 200-day simple moving average is $116.19. 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 $73.91 billion, a PE ratio of 38.00, a P/E/G ratio of 2.22 and a beta of 1.35. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a dividend of $0.5275 per share. 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 1.63%. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the company’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. This represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EMR has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. KeyCorp boosted their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Royal Bank of Canada decreased their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Loop Capital lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.45.

Emerson Electric Company 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.