Isthmus Partners LLC Buys 661 Shares of Emerson Electric Co. (NYSE:EMR)

Isthmus Partners LLC grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 114,327 shares of the industrial products company’s stock after acquiring an additional 661 shares during the quarter. Isthmus Partners LLC’s holdings in Emerson Electric were worth $12,504,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of EMR. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric during the 3rd quarter valued at $25,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the 3rd quarter worth $29,000. Meeder Asset Management Inc. lifted its position in shares of 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 buying an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC bought a new stake in shares of Emerson Electric during the 3rd quarter worth $33,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of Emerson Electric during the 3rd quarter worth $33,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EMR has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Robert W. Baird upped their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Royal Bank of Canada lowered their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, Oppenheimer upped their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. One equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $130.00.

Emerson Electric Trading Down 0.3 %

NYSE EMR opened at $132.59 on Friday. The business has a 50 day simple moving average of $116.33 and a 200 day simple moving average of $111.30. Emerson Electric Co. has a one year low of $87.55 and a one year high of $134.17. The stock has a market capitalization of $75.60 billion, a P/E ratio of 38.77, a P/E/G ratio of 2.23 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.5275 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.59%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is presently 61.70%.

Insiders Place Their Bets

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 stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

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.