Twelve Points Wealth Management LLC Acquires 1,218 Shares of Emerson Electric Co. (NYSE:EMR)

Twelve Points Wealth Management LLC raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 12.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,732 shares of the industrial products company’s stock after buying an additional 1,218 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in Emerson Electric were worth $1,330,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric in the 4th quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric during the 3rd quarter worth approximately $29,000. Frazier Financial Advisors LLC bought a new stake in Emerson Electric in the third quarter valued at $33,000. Finally, Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric during the third quarter valued at $33,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EMR shares. Wells Fargo & Company cut their price target on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft increased their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada lowered their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $136.45.

Emerson Electric Price Performance

NYSE EMR opened at $130.06 on Wednesday. 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 stock has a market cap of $74.07 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 2.22 and a beta of 1.35. The business has a 50 day simple moving average of $127.09 and a 200 day simple moving average of $116.09. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week high of $134.85.

Emerson Electric Increases Dividend

The company 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 1.62%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s payout ratio is 61.70%.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is owned by insiders.

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.