Blue Trust Inc. Boosts Stock Position in Emerson Electric Co. (NYSE:EMR)

Blue Trust Inc. boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 24.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,092 shares of the industrial products company’s stock after buying an additional 1,569 shares during the quarter. Blue Trust Inc.’s holdings in Emerson Electric were worth $1,003,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB boosted its stake in Emerson Electric by 120.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after buying an additional 30,741 shares during the period. Geode Capital Management LLC boosted its stake in Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after buying an additional 162,985 shares during the period. Dynamic Advisor Solutions LLC lifted its position in shares of Emerson Electric by 8.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock worth $7,578,000 after purchasing an additional 5,416 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Emerson Electric by 130.0% during the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after purchasing an additional 5,393 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its position in shares of Emerson Electric by 82.0% during the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock worth $435,000 after purchasing an additional 1,792 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EMR. Barclays lifted their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Royal Bank of Canada decreased their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Daiwa Capital Markets assumed coverage on Emerson Electric in a report on Tuesday. They issued an “outperform” rating and a $147.00 price objective for the company. Loop Capital lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, BNP Paribas assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.45.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric 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 value of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Price Performance

EMR stock opened at $130.06 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The firm has a market capitalization of $74.07 billion, a P/E ratio of 38.03, a P/E/G ratio of 2.22 and a beta of 1.35. The business’s 50-day moving average is $127.09 and its two-hundred day moving average is $116.09. 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. Shareholders of record on Friday, November 15th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.62%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

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.