Strategic Blueprint LLC boosted its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 18.6% in the 4th quarter, HoldingsChannel reports. The firm owned 7,307 shares of the industrial products company’s stock after purchasing an additional 1,144 shares during the period. Strategic Blueprint LLC’s holdings in Emerson Electric were worth $906,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of EMR. Asset Dedication LLC lifted its stake in shares of Emerson Electric by 15.8% during the fourth quarter. Asset Dedication LLC now owns 1,793 shares of the industrial products company’s stock valued at $222,000 after buying an additional 245 shares during the period. Twelve Points Wealth Management LLC lifted its stake in shares of Emerson Electric by 12.8% during the 4th quarter. Twelve Points Wealth Management LLC now owns 10,732 shares of the industrial products company’s stock worth $1,330,000 after purchasing an additional 1,218 shares during the period. Capital Investment Counsel LLC boosted its holdings in shares of Emerson Electric by 1.1% during the fourth quarter. Capital Investment Counsel LLC now owns 48,819 shares of the industrial products company’s stock worth $6,050,000 after purchasing an additional 548 shares during the last quarter. Stonegate Investment Group LLC increased its stake in Emerson Electric by 5.1% in the fourth quarter. Stonegate Investment Group LLC now owns 9,655 shares of the industrial products company’s stock valued at $1,197,000 after purchasing an additional 470 shares during the last quarter. Finally, Curbstone Financial Management Corp lifted its position in Emerson Electric by 12.9% during the fourth quarter. Curbstone Financial Management Corp now owns 4,382 shares of the industrial products company’s stock worth $543,000 after buying an additional 500 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Royal Bank of Canada cut 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. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Loop Capital increased their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Barclays boosted their price target on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.45.
Emerson Electric Stock Up 1.2 %
Shares of NYSE:EMR opened at $130.41 on Friday. The firm has a market cap of $74.27 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company has a fifty day simple moving average of $127.10 and a 200 day simple moving average of $116.28. 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 $91.64 and a 12-month high of $134.85.
Emerson Electric Increases Dividend
The business 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 represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is 61.70%.
Insider Buying and Selling
In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the 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 owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.50% of the company’s stock.
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.
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