Friedenthal Financial Takes Position in Emerson Electric Co. (NYSE:EMR)

Friedenthal Financial purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, Holdings Channel.com reports. The fund purchased 405 shares of the industrial products company’s stock, valued at approximately $50,000.

Other institutional investors have also recently bought and sold shares of the company. Newport Trust Company LLC bought a new position in shares of Emerson Electric in the second quarter valued at about $574,908,000. Pathway Financial Advisers LLC raised its stake in shares of Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after acquiring an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after purchasing an additional 2,016,075 shares in the last quarter. State Street Corp grew its stake in shares of Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after purchasing an additional 1,507,980 shares during the last quarter. Finally, Swedbank AB raised its position in Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EMR shares. BNP Paribas began coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. UBS Group assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Wells Fargo & Company cut their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Barclays lifted 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $134.84.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR opened at $118.50 on Tuesday. The firm’s 50 day moving average price is $127.26 and its two-hundred day moving average price is $114.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85. The firm has a market cap of $67.49 billion, a P/E ratio of 34.65, a PEG ratio of 2.19 and a beta of 1.35.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a $0.5275 dividend. 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. This represents a $2.11 dividend on an annualized basis and a yield of 1.78%. Emerson Electric’s dividend payout ratio is presently 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.