CGN Advisors LLC Buys New Shares in Emerson Electric Co. (NYSE:EMR)

CGN Advisors LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 2,268 shares of the industrial products company’s stock, valued at approximately $281,000.

A number of other institutional investors and hedge funds have also made changes to their positions in EMR. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric in the third quarter valued at $29,000. Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth about $33,000. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric in the 3rd quarter valued at about $33,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Emerson Electric during the third quarter worth approximately $43,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by insiders.

Emerson Electric Stock Up 1.1 %

Emerson Electric stock opened at $124.65 on Friday. The stock’s 50 day moving average price is $127.05 and its 200 day moving average price is $115.22. The company has a market cap of $70.99 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Wall Street Analyst Weigh In

EMR has been the topic of several recent analyst reports. KeyCorp increased their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird lifted their price target on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $135.89.

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.