Emerson Electric Co. (NYSE:EMR) Shares Acquired by Goldstone Financial Group LLC

Goldstone Financial Group LLC raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 15.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,162 shares of the industrial products company’s stock after purchasing an additional 564 shares during the quarter. Goldstone Financial Group LLC’s holdings in Emerson Electric were worth $516,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in EMR. Capital Performance Advisors LLP bought a new position in Emerson Electric during the 3rd quarter valued at $25,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric during the third quarter worth about $29,000. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric during the third quarter valued at approximately $33,000. Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric in the 3rd quarter worth approximately $33,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $43,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EMR shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Robert W. Baird increased their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Oppenheimer lifted their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Barclays increased their price target 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. Finally, UBS Group began coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Emerson Electric Trading Up 2.1 %

Emerson Electric stock opened at $123.32 on Friday. 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 stock has a market capitalization of $70.23 billion, a PE ratio of 36.06, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. The firm has a 50 day simple moving average of $127.18 and a 200-day simple moving average of $115.05. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.71%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 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 that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by insiders.

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.