Emerson Electric Co. (NYSE:EMR) is Paradiem LLC’s Largest Position

Paradiem LLC increased its position in Emerson Electric Co. (NYSE:EMR) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,057 shares of the industrial products company’s stock after purchasing an additional 504 shares during the quarter. Emerson Electric accounts for 4.6% of Paradiem LLC’s portfolio, making the stock its largest position. Paradiem LLC’s holdings in Emerson Electric were worth $16,985,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EMR. Sugar Maple Asset Management LLC bought a new position in Emerson Electric during the 4th quarter valued at $27,000. Capital Performance Advisors LLP bought a new position in Emerson Electric during the 3rd quarter valued at $25,000. Darwin Wealth Management LLC bought a new position in Emerson Electric during the 3rd quarter valued at $29,000. Frazier Financial Advisors LLC bought a new position in Emerson Electric during the 3rd quarter valued at $33,000. Finally, Morton Brown Family Wealth LLC bought a new position in Emerson Electric during the 3rd quarter valued at $33,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on EMR. UBS Group initiated coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. JPMorgan Chase & Co. reduced their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, KeyCorp raised their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $135.89.

Emerson Electric Stock Performance

NYSE:EMR opened at $130.02 on Thursday. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $126.98 and a 200-day moving average of $115.55. The firm has a market cap of $74.05 billion, a price-to-earnings ratio of 38.02, a price-to-earnings-growth ratio of 2.13 and a beta of 1.35.

Emerson Electric Increases Dividend

The firm also recently disclosed 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 is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. Emerson Electric’s dividend payout ratio (DPR) is 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.