Dakota Wealth Management Raises Position in Emerson Electric Co. (NYSE:EMR)

Dakota Wealth Management lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,971 shares of the industrial products company’s stock after acquiring an additional 838 shares during the quarter. Dakota Wealth Management’s holdings in Emerson Electric were worth $988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of EMR. Pathway Financial Advisers LLC boosted its stake in shares of Emerson Electric by 10,993.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after buying an additional 2,051,764 shares during the period. Van ECK Associates Corp raised its holdings in Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after acquiring an additional 2,016,075 shares in the last quarter. State Street Corp grew its holdings in Emerson Electric by 6.2% during the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after acquiring an additional 1,507,980 shares in the last quarter. Swedbank AB increased its position in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Finally, Perpetual Ltd lifted its position in shares of Emerson Electric by 57,336.1% during the 3rd quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock worth $131,918,000 after purchasing an additional 1,204,058 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Down 0.4 %

EMR stock opened at $130.62 on Friday. The stock has a market capitalization of $74.39 billion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company has a fifty day moving average of $127.02 and a 200-day moving average of $115.76. 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 Co. has a one year low of $91.64 and a one year high of $134.85.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. 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 61.70%.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction on 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft raised their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Barclays upped their price target on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Finally, Wells Fargo & Company lowered their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.