Emerson Electric Co. (NYSE:EMR) Shares Purchased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,086 shares of the industrial products company’s stock after buying an additional 651 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Emerson Electric were worth $1,374,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EMR. Dimensional Fund Advisors LP raised its position in shares of Emerson Electric by 17.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,796 shares of the industrial products company’s stock worth $259,809,000 after purchasing an additional 355,106 shares during the period. One Capital Management LLC boosted its stake in Emerson Electric by 77.5% during the 2nd quarter. One Capital Management LLC now owns 3,379 shares of the industrial products company’s stock valued at $372,000 after purchasing an additional 1,475 shares in the last quarter. Renaissance Technologies LLC bought a new position in Emerson Electric during the 2nd quarter valued at $61,304,000. Perennial Investment Advisors LLC acquired a new stake in shares of Emerson Electric during the 2nd quarter valued at $226,000. Finally, Axxcess Wealth Management LLC lifted its position in shares of Emerson Electric by 8.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 48,596 shares of the industrial products company’s stock valued at $5,353,000 after acquiring an additional 3,840 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

NYSE:EMR opened at $120.75 on Thursday. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The firm has a 50 day moving average of $127.30 and a 200-day moving average of $115.01. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $68.77 billion, a P/E ratio of 35.31, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35.

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. The ex-dividend date was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.75%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is 61.70%.

Insider Activity

In related 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 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 SEC, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Royal Bank of Canada reduced 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. BNP Paribas assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective for the company. UBS Group assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. KeyCorp increased their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Barclays raised their price target on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.89.

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.