Emerson Electric Co. (NYSE:EMR) Stake Lifted by Eldred Rock Partners LLC

Eldred Rock Partners LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 91,463 shares of the industrial products company’s stock after buying an additional 391 shares during the quarter. Emerson Electric comprises about 3.8% of Eldred Rock Partners LLC’s investment portfolio, making the stock its 10th largest holding. Eldred Rock Partners LLC’s holdings in Emerson Electric were worth $11,347,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in EMR. Capital Performance Advisors LLP acquired a new position in Emerson Electric during the third quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $29,000. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric in the 3rd quarter valued at $33,000. Frazier Financial Advisors LLC purchased a new position in Emerson Electric during the 3rd quarter worth $33,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Emerson Electric in the third quarter valued at $43,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

NYSE EMR opened at $124.65 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The stock has a market cap of $70.99 billion, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The business has a fifty day moving average of $127.05 and a 200-day moving average of $115.27.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a dividend of $0.5275 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Friday, November 15th. 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 Emerson Electric 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 $33,052,911.68. The trade was 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 the SEC website. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Oppenheimer boosted their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. Wells Fargo & Company reduced their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, KeyCorp boosted their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Company 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.