Emerson Electric Co. (NYSE:EMR) Shares Bought by Guinness Atkinson Asset Management Inc

Guinness Atkinson Asset Management Inc lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 23.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,502 shares of the industrial products company’s stock after acquiring an additional 1,794 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in Emerson Electric were worth $1,178,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric in the 3rd quarter valued at about $29,000. Frazier Financial Advisors LLC purchased a new stake in Emerson Electric during the third quarter worth about $33,000. Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter valued at approximately $33,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now 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 SEC, which is accessible through the SEC website. 0.50% of the stock is owned by insiders.

Emerson Electric Price Performance

Emerson Electric stock opened at $124.65 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The company has a market cap of $70.99 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 1.98 and a beta of 1.35. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The firm has a 50 day moving average price of $127.05 and a 200 day moving average price of $115.27.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued 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 an increase 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%.

Wall Street Analyst Weigh In

Several analysts have weighed in on EMR shares. Royal Bank of Canada lowered their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Wells Fargo & Company reduced their price target 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. Robert W. Baird raised their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, UBS Group began coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.