Brooklyn Investment Group Invests $144,000 in Emerson Electric Co. (NYSE:EMR)

Brooklyn Investment Group acquired a new position in shares of Emerson Electric Co. (NYSE:EMR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,314 shares of the industrial products company’s stock, valued at approximately $144,000.

Several other hedge funds have also made changes to their positions in EMR. Capital Performance Advisors LLP acquired a new position in Emerson Electric in the third quarter valued at $25,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the third quarter valued at $29,000. Frazier Financial Advisors LLC acquired a new position in Emerson Electric in the third quarter valued at $33,000. Meeder Asset Management Inc. boosted its holdings in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares during the last quarter. Finally, Morton Brown Family Wealth LLC acquired a new position in Emerson Electric in the third quarter valued at $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.3 %

Shares of Emerson Electric stock opened at $132.62 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm has a market cap of $75.62 billion, a P/E ratio of 38.78, a P/E/G ratio of 2.23 and a beta of 1.30. Emerson Electric Co. has a fifty-two week low of $87.55 and a fifty-two week high of $134.17. The business has a 50-day moving average price of $115.79 and a 200 day moving average price of $111.15.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, November 15th. Emerson Electric’s payout ratio is presently 61.70%.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction 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. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EMR. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Robert W. Baird raised their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Wells Fargo & Company raised their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada cut their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Oppenheimer raised their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.00.

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.