Sugar Maple Asset Management LLC Invests $27,000 in Emerson Electric Co. (NYSE:EMR)

Sugar Maple Asset Management LLC acquired a new position in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 220 shares of the industrial products company’s stock, valued at approximately $27,000.

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

Emerson Electric Trading Up 4.0 %

NYSE:EMR opened at $129.51 on Wednesday. The stock has a 50-day simple moving average of $126.96 and a 200-day simple moving average of $115.41. The stock has a market cap of $73.76 billion, a P/E ratio of 37.87, a P/E/G ratio of 2.12 and a beta of 1.35. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.63%. Emerson Electric’s payout ratio is 61.70%.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated 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 sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EMR shares. Loop Capital boosted their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. KeyCorp upped their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Wells Fargo & Company reduced 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. 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, Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $135.89.

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.