Beacon Investment Advisory Services Inc. Purchases 300 Shares of Emerson Electric Co. (NYSE:EMR)

Beacon Investment Advisory Services Inc. raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 5.2% in the third quarter, Holdings Channel reports. The fund owned 6,020 shares of the industrial products company’s stock after buying an additional 300 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Emerson Electric were worth $658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of EMR. Capital Performance Advisors LLP bought a new stake in Emerson Electric during the third quarter valued at about $25,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric during the third quarter valued at about $29,000. Meeder Asset Management Inc. boosted its holdings in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares during the period. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric during the third quarter valued at about $33,000. Finally, Frazier Financial Advisors LLC bought a new stake in Emerson Electric during the third quarter valued at about $33,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

NYSE EMR opened at $133.75 on Tuesday. The firm has a market cap of $76.26 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 2.23 and a beta of 1.30. The company has a 50 day moving average of $116.88 and a 200-day moving average of $111.38. 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 1-year low of $87.59 and a 1-year high of $134.17.

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 issued a dividend of $0.5275 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.58%. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research reports. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Barclays increased their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. UBS Group initiated coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Finally, Robert W. Baird increased their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $131.11.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

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.