Sunbelt Securities Inc. Purchases 147 Shares of Emerson Electric Co. (NYSE:EMR)

Sunbelt Securities Inc. increased its position in Emerson Electric Co. (NYSE:EMR) by 3.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,640 shares of the industrial products company’s stock after acquiring an additional 147 shares during the quarter. Sunbelt Securities Inc.’s holdings in Emerson Electric were worth $508,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EMR. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric in the third quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the third quarter worth $29,000. Meeder Asset Management Inc. boosted its holdings in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares during the period. Morton Brown Family Wealth LLC bought a new stake in shares of Emerson Electric during the 3rd quarter valued at $33,000. Finally, Frazier Financial Advisors LLC bought a new position in Emerson Electric in the 3rd quarter worth about $33,000. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EMR. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research report on Thursday. They issued a “buy” rating and a $160.00 price objective for the company. Robert W. Baird boosted their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Wells Fargo & Company increased their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Barclays upped their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.58.

Emerson Electric Trading Up 0.2 %

NYSE EMR opened at $131.16 on Friday. The stock has a market cap of $74.70 billion, a P/E ratio of 38.27, a P/E/G ratio of 2.20 and a beta of 1.34. The stock’s fifty day moving average price is $120.74 and its 200-day moving average price is $112.43. Emerson Electric Co. has a 12 month low of $90.66 and a 12 month high of $134.85. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 61.70%.

Insider Activity at Emerson Electric

In other 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 transaction of $2,711,289.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.25% of the stock is owned by insiders.

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.