First Pacific Financial Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

First Pacific Financial boosted its position in Emerson Electric Co. (NYSE:EMR) by 441.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,840 shares of the industrial products company’s stock after buying an additional 1,500 shares during the period. First Pacific Financial’s holdings in Emerson Electric were worth $228,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric during the third quarter worth about $29,000. Frazier Financial Advisors LLC purchased a new stake in Emerson Electric during the third quarter worth about $33,000. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric during the third quarter worth about $33,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Emerson Electric during the third quarter worth about $43,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction 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 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EMR shares. Barclays raised their price target on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. UBS Group started coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target for the company. BNP Paribas began coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target for the company. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. reduced their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Emerson Electric Trading Up 2.1 %

NYSE EMR opened at $123.32 on Friday. Emerson Electric Co. has a one year low of $91.64 and a one year high of $134.85. The company’s 50 day moving average price is $127.18 and its 200 day moving average price is $115.05. 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 firm has a market capitalization of $70.23 billion, a price-to-earnings ratio of 36.06, a PEG ratio of 1.98 and a beta of 1.35.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.71%. Emerson Electric’s dividend payout ratio is presently 61.70%.

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.