Emerson Electric Co. (NYSE:EMR) Position Lifted by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC grew its stake in Emerson Electric Co. (NYSE:EMR) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,261 shares of the industrial products company’s stock after purchasing an additional 4,035 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Emerson Electric were worth $8,212,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Emerson Electric during the third quarter worth about $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric in the fourth quarter worth $27,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric during the third quarter valued at $29,000. Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the 3rd quarter worth about $33,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at approximately $33,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Emerson Electric stock opened at $129.51 on Wednesday. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The firm’s 50 day simple moving average is $126.98 and its 200-day simple moving average is $115.55. 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 company has a market cap of $73.76 billion, a P/E ratio of 37.87, a price-to-earnings-growth ratio of 2.13 and a beta of 1.35.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders 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 annualized dividend and a yield of 1.63%. The ex-dividend date was Friday, November 15th. Emerson Electric’s payout ratio is 61.70%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EMR. BNP Paribas initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective for the company. Wells Fargo & Company dropped their price target on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Robert W. Baird increased their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Oppenheimer upped their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Barclays lifted 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. One equities 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.89.

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.