True Vision MN LLC Grows Stock Position in Emerson Electric Co. (NYSE:EMR)

True Vision MN LLC increased its holdings in Emerson Electric Co. (NYSE:EMR) by 12.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,204 shares of the industrial products company’s stock after buying an additional 457 shares during the quarter. True Vision MN LLC’s holdings in Emerson Electric were worth $460,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in EMR. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the third quarter worth about $25,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric in the third quarter worth approximately $29,000. Frazier Financial Advisors LLC bought a new stake in shares of Emerson Electric during the 3rd quarter valued at $33,000. Meeder Asset Management Inc. boosted its holdings in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares during the period. Finally, Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric in the 3rd quarter worth $33,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on EMR. UBS Group started coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective for the company. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, November 22nd. Royal Bank of Canada reduced their price target 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. Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Trading Up 0.4 %

Shares of NYSE EMR traded up $0.52 during midday trading on Wednesday, hitting $133.52. The company’s stock had a trading volume of 80,900 shares, compared to its average volume of 2,743,876. The business’s 50 day moving average is $115.21 and its two-hundred day moving average is $111.00. The firm has a market cap of $76.13 billion, a P/E ratio of 38.89, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30. 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 $87.55 and a 12-month high of $134.17.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.58%. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

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.