1,621 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,621 shares of the industrial products company’s stock, valued at approximately $201,000.

Other hedge funds also recently added to or reduced their stakes in the company. Sandbox Financial Partners LLC lifted its stake in Emerson Electric by 5.3% in the fourth quarter. Sandbox Financial Partners LLC now owns 1,942 shares of the industrial products company’s stock worth $241,000 after acquiring an additional 97 shares during the last quarter. Kera Capital Partners Inc. purchased a new position in Emerson Electric during the 4th quarter worth approximately $206,000. Ameritas Advisory Services LLC increased its holdings in shares of Emerson Electric by 2.8% in the 4th quarter. Ameritas Advisory Services LLC now owns 15,516 shares of the industrial products company’s stock valued at $1,923,000 after acquiring an additional 429 shares during the period. HB Wealth Management LLC raised its holdings in shares of Emerson Electric by 14.1% in the fourth quarter. HB Wealth Management LLC now owns 29,374 shares of the industrial products company’s stock valued at $3,640,000 after buying an additional 3,636 shares during the last quarter. Finally, Trust Co. of Vermont lifted its position in Emerson Electric by 4.4% during the 4th quarter. Trust Co. of Vermont now owns 154,497 shares of the industrial products company’s stock worth $19,147,000 after acquiring an additional 6,522 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.1 %

Shares of Emerson Electric stock opened at $124.65 on Monday. The firm has a market cap of $70.99 billion, a P/E ratio of 36.45, a P/E/G ratio of 1.98 and a beta of 1.35. The business has a 50-day moving average price of $127.05 and a 200 day moving average price of $115.27. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week 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 given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.69%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

Analyst Ratings Changes

EMR has been the subject of several analyst reports. Oppenheimer increased their price target 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. Robert W. Baird boosted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Jefferies Financial Group began coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price for the company. Finally, UBS Group started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. One investment 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $135.89.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm’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 transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

Emerson Electric Company 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.