Graypoint LLC Buys 223 Shares of Emerson Electric Co. (NYSE:EMR)

Graypoint LLC grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 8.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,763 shares of the industrial products company’s stock after acquiring an additional 223 shares during the quarter. Graypoint LLC’s holdings in Emerson Electric were worth $342,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in Emerson Electric in the 3rd quarter valued at about $25,000. Darwin Wealth Management LLC bought a new position in Emerson Electric in the third quarter valued at approximately $29,000. Meeder Asset Management Inc. raised its position 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 purchasing an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric during the third quarter worth $33,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Emerson Electric in the 3rd quarter valued at $33,000. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Loop Capital upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. UBS Group started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Oppenheimer boosted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, BNP Paribas assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $134.84.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by company insiders.

Emerson Electric Price Performance

EMR stock opened at $117.64 on Friday. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85. 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 company’s fifty day simple moving average is $127.08 and its 200 day simple moving average is $114.81. The firm has a market cap of $67.00 billion, a price-to-earnings ratio of 34.40, a PEG ratio of 2.19 and a beta of 1.35.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.79%. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

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.