Main Street Financial Solutions LLC Raises Stock Position in Emerson Electric Co. (NYSE:EMR)

Main Street Financial Solutions LLC grew its holdings in Emerson Electric Co. (NYSE:EMR) by 3.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 8,862 shares of the industrial products company’s stock after purchasing an additional 261 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Emerson Electric were worth $969,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in Emerson Electric in the 3rd quarter valued at approximately $25,000. Transcendent Capital Group LLC purchased a new position in Emerson Electric in the first quarter valued at $31,000. Meeder Asset Management Inc. grew its stake in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric in the 3rd quarter valued at about $33,000. Finally, Versant Capital Management Inc boosted its stake in shares of Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after buying an additional 269 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s 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 completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EMR. KeyCorp raised their target price on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. BNP Paribas initiated coverage on shares of Emerson Electric in a research note on Wednesday. They set an “outperform” rating and a $155.00 target price for the company. Royal Bank of Canada cut their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, UBS Group assumed coverage on Emerson Electric in a research report on Wednesday. They set a “neutral” rating and a $135.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $130.00.

Emerson Electric Price Performance

Shares of EMR opened at $130.16 on Thursday. 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 fifty-two week low of $87.17 and a fifty-two week high of $131.56. The firm has a 50-day simple moving average of $109.40 and a 200-day simple moving average of $109.56. The company has a market capitalization of $74.54 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 2.16 and a beta of 1.30.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is 61.40%.

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.