Secure Asset Management LLC Buys Shares of 16,446 Emerson Electric Co. (NYSE:EMR)

Secure Asset Management LLC bought a new position in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 16,446 shares of the industrial products company’s stock, valued at approximately $2,038,000.

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

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business’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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EMR has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. BNP Paribas began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their price target on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Loop Capital upped their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Robert W. Baird raised their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $131.20 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The stock has a market capitalization of $74.72 billion, a price-to-earnings ratio of 38.36, a price-to-earnings-growth ratio of 2.21 and a beta of 1.35. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The business’s fifty day moving average price is $126.98 and its two-hundred day moving average price is $115.65.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend 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%.

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.