Mayflower Financial Advisors LLC Purchases 232 Shares of Emerson Electric Co. (NYSE:EMR)

Mayflower Financial Advisors LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 12.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,074 shares of the industrial products company’s stock after acquiring an additional 232 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Emerson Electric were worth $227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of EMR. Capital Performance Advisors LLP bought a new position in Emerson Electric during the 3rd quarter worth approximately $25,000. Transcendent Capital Group LLC acquired a new stake in Emerson Electric during the 1st quarter worth approximately $31,000. Meeder Asset Management Inc. raised its holdings in Emerson Electric by 361.5% during 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. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric during the 3rd quarter worth approximately $33,000. Finally, Versant Capital Management Inc raised its holdings in Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after buying an additional 269 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.1 %

EMR stock opened at $127.26 on Monday. The stock has a market capitalization of $72.88 billion, a P/E ratio of 37.21, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 12 month low of $85.00 and a 12 month high of $128.56. The firm has a 50-day moving average price of $108.39 and a 200-day moving average price of $109.30.

Emerson Electric Increases Dividend

The company also recently disclosed 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 boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. Emerson Electric’s dividend payout ratio is 61.40%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Oppenheimer lifted their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Barclays lifted their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Morgan Stanley began coverage on shares of Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. Finally, Royal Bank of Canada decreased their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $127.65.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were 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 in the company, valued at $33,052,911.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.25% of the company’s stock.

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.