Horizon Kinetics Asset Management LLC Purchases 6,200 Shares of Emerson Electric Co. (NYSE:EMR)

Horizon Kinetics Asset Management LLC raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 34.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,297 shares of the industrial products company’s stock after purchasing an additional 6,200 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Emerson Electric were worth $2,657,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Capital Performance Advisors LLP purchased a new stake in Emerson Electric during the third quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the 3rd quarter valued at $29,000. Meeder Asset Management Inc. raised its holdings in Emerson Electric by 361.5% in 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 during the period. Morton Brown Family Wealth LLC purchased a new position in Emerson Electric during the third quarter valued at $33,000. Finally, Frazier Financial Advisors LLC bought a new stake in Emerson Electric during the third quarter valued at about $33,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 1.1 %

Shares of EMR opened at $131.50 on Monday. The stock has a market capitalization of $74.98 billion, a PE ratio of 38.03, a P/E/G ratio of 2.18 and a beta of 1.30. The company’s fifty day moving average is $114.02 and its 200 day moving average is $110.75. 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 $87.55 and a fifty-two week high of $131.67.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.60%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio is currently 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 dated 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 completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EMR. Robert W. Baird lifted their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. KeyCorp increased their price objective on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Oppenheimer upped their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, BNP Paribas initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $130.00.

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.