Charles Schwab Trust Co Acquires 1,200 Shares of Emerson Electric Co. (NYSE:EMR)

Charles Schwab Trust Co raised its stake in Emerson Electric Co. (NYSE:EMR) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,265 shares of the industrial products company’s stock after purchasing an additional 1,200 shares during the quarter. Charles Schwab Trust Co’s holdings in Emerson Electric were worth $6,477,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of EMR. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric during the third quarter valued at approximately $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric during the 4th quarter valued at $27,000. Darwin Wealth Management LLC bought a new position in Emerson Electric in the 3rd quarter worth about $29,000. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric in the third quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter valued at $33,000. Institutional investors own 74.30% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 directly owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EMR shares. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. KeyCorp upped their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Royal Bank of Canada decreased 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. Finally, Wells Fargo & Company cut their price target on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $135.89.

Emerson Electric Stock Up 1.1 %

Shares of NYSE EMR opened at $124.65 on Tuesday. The firm has a fifty day simple moving average of $127.05 and a two-hundred day simple moving average of $115.31. The firm has a market capitalization of $70.99 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.35. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.69%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s payout ratio is presently 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.