Blue Square Asset Management LLC Acquires 507 Shares of Emerson Electric Co. (NYSE:EMR)

Blue Square Asset Management LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,440 shares of the industrial products company’s stock after purchasing an additional 507 shares during the period. Emerson Electric comprises approximately 1.3% of Blue Square Asset Management LLC’s holdings, making the stock its 29th largest holding. Blue Square Asset Management LLC’s holdings in Emerson Electric were worth $2,533,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans grew its position in shares of Emerson Electric by 1.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 29,956 shares of the industrial products company’s stock valued at $3,301,000 after acquiring an additional 347 shares during the period. Public Sector Pension Investment Board grew its holdings in Emerson Electric by 74.7% during the second quarter. Public Sector Pension Investment Board now owns 22,077 shares of the industrial products company’s stock worth $2,432,000 after purchasing an additional 9,443 shares during the period. AQR Capital Management LLC raised its stake in Emerson Electric by 43.5% in the second quarter. AQR Capital Management LLC now owns 47,192 shares of the industrial products company’s stock valued at $5,174,000 after buying an additional 14,301 shares during the period. MBB Public Markets I LLC acquired a new stake in shares of Emerson Electric in the second quarter valued at approximately $4,567,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Emerson Electric by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 756,776 shares of the industrial products company’s stock worth $83,359,000 after acquiring an additional 6,070 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on EMR. JPMorgan Chase & Co. cut their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Loop Capital increased their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Jefferies Financial Group started coverage on Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. Finally, KeyCorp increased their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $130.62 on Friday. The company has a 50 day moving average of $127.10 and a 200-day moving average of $115.91. The company has a market cap 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 current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s 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 sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by insiders.

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.