Cassaday & Co Wealth Management LLC Buys New Position in Emerson Electric Co. (NYSE:EMR)

Cassaday & Co Wealth Management LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,923 shares of the industrial products company’s stock, valued at approximately $210,000.

Several other institutional investors have also recently made changes to their positions in the company. Newport Trust Company LLC bought a new stake in Emerson Electric in the 2nd quarter worth about $574,908,000. Pathway Financial Advisers LLC lifted its holdings in Emerson Electric by 10,993.2% during the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after acquiring an additional 2,051,764 shares during the period. Van ECK Associates Corp grew its stake in Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the period. Swedbank AB raised its stake in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the period. Finally, Perpetual Ltd grew its position in Emerson Electric by 57,336.1% during the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock valued at $131,918,000 after buying an additional 1,204,058 shares during the period. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Robert W. Baird upped their price target on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. UBS Group initiated coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. Finally, KeyCorp increased their target price on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.00.

Insider Transactions at Emerson Electric

In other Emerson Electric 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $129.20 on Tuesday. The stock has a market cap of $73.67 billion, a P/E ratio of 37.78, a PEG ratio of 2.13 and a beta of 1.30. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average price is $111.73 and its two-hundred day moving average price is $110.16. Emerson Electric Co. has a twelve month low of $87.55 and a twelve month high of $131.56.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders 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 annualized dividend and a yield of 1.63%. Emerson Electric’s payout ratio is presently 61.40%.

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.