Matrix Trust Co Grows Position in Emerson Electric Co. (NYSE:EMR)

Matrix Trust Co increased its holdings in Emerson Electric Co. (NYSE:EMR) by 291.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,558 shares of the industrial products company’s stock after acquiring an additional 1,160 shares during the quarter. Matrix Trust Co’s holdings in Emerson Electric were worth $193,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Czech National Bank lifted its stake in Emerson Electric by 6.0% in the fourth quarter. Czech National Bank now owns 123,631 shares of the industrial products company’s stock worth $15,322,000 after acquiring an additional 6,966 shares during the period. Graypoint LLC lifted its stake in Emerson Electric by 8.8% in the fourth quarter. Graypoint LLC now owns 2,763 shares of the industrial products company’s stock worth $342,000 after acquiring an additional 223 shares during the period. HBW Advisory Services LLC lifted its stake in Emerson Electric by 6.6% in the fourth quarter. HBW Advisory Services LLC now owns 1,976 shares of the industrial products company’s stock worth $245,000 after acquiring an additional 122 shares during the period. LVM Capital Management Ltd. MI purchased a new stake in Emerson Electric in the fourth quarter worth about $209,000. Finally, ST Germain D J Co. Inc. lifted its stake in Emerson Electric by 6.3% in the fourth quarter. ST Germain D J Co. Inc. now owns 16,042 shares of the industrial products company’s stock worth $1,988,000 after acquiring an additional 948 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

EMR has been the subject of a number of recent research reports. Barclays boosted their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. BNP Paribas initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Finally, 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 report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.84.

Emerson Electric Trading Down 2.2 %

Emerson Electric stock opened at $117.64 on Monday. 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. The stock’s 50 day simple moving average is $127.08 and its two-hundred day simple moving average is $114.87. The firm has a market cap of $67.00 billion, a PE ratio of 34.40, a P/E/G 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. Shareholders of record on Friday, November 15th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.79%. 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 currently 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.