Clark & Stuart Inc Purchases New Stake in Emerson Electric Co. (NYSE:EMR)

Clark & Stuart Inc acquired a new position in shares of Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,128 shares of the industrial products company’s stock, valued at approximately $1,503,000. Emerson Electric accounts for about 1.1% of Clark & Stuart Inc’s holdings, making the stock its 27th biggest position.

Several other large investors also recently made changes to their positions in EMR. Capital Performance Advisors LLP acquired a new stake in Emerson Electric in the 3rd quarter valued at $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the third quarter worth about $29,000. Frazier Financial Advisors LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at about $33,000. Meeder Asset Management Inc. raised its holdings in shares of Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the period. Finally, Morton Brown Family Wealth LLC purchased a new position in Emerson Electric in the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of analyst reports. Royal Bank of Canada reduced their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. KeyCorp upped their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Finally, Oppenheimer lifted their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.84.

Emerson Electric Stock Performance

Shares of EMR stock opened at $117.64 on Monday. 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 business has a 50 day moving average of $127.08 and a two-hundred day moving average of $114.87. The company has a market cap of $67.00 billion, a P/E ratio of 34.40, a PEG ratio of 2.19 and a beta of 1.35. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a dividend of $0.5275 per share. 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 1.79%. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

About Emerson Electric

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.