Emerson Electric Co. (NYSE:EMR) Shares Purchased by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC raised its position in Emerson Electric Co. (NYSE:EMR) by 82.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,007 shares of the industrial products company’s stock after acquiring an additional 24,378 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Emerson Electric were worth $6,693,000 as of its most recent SEC filing.

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

Insider Buying and Selling 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 shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EMR has been the subject of several recent research reports. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. JPMorgan Chase & Co. reduced their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research note on Tuesday. They set an “outperform” rating and a $147.00 target price for the company. Finally, Loop Capital raised their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. One equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.45.

Emerson Electric Trading Down 0.8 %

Shares of Emerson Electric stock opened at $128.92 on Thursday. The company’s fifty day moving average is $127.10 and its two-hundred day moving average is $116.19. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. 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 capitalization of $73.42 billion, a P/E ratio of 37.70, a PEG ratio of 2.22 and a beta of 1.35.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio 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.