Emerson Electric Co. (NYSE:EMR) Shares Bought by Somerset Trust Co

Somerset Trust Co raised its holdings in Emerson Electric Co. (NYSE:EMR) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,092 shares of the industrial products company’s stock after purchasing an additional 443 shares during the period. Somerset Trust Co’s holdings in Emerson Electric were worth $3,234,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EMR shares. BNP Paribas started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Jefferies Financial Group initiated coverage on Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target for the company. KeyCorp boosted their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Wells Fargo & Company reduced their price target on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Trading Up 1.1 %

Shares of NYSE EMR opened at $124.65 on Friday. The stock has a fifty day simple moving average of $127.10 and a 200-day simple moving average of $115.11. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85. The stock has a market capitalization of $70.99 billion, a PE ratio of 36.45, a PEG ratio of 1.98 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 Increases Dividend

The firm 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. The ex-dividend date was Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.69%. Emerson Electric’s dividend payout ratio is 61.70%.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred on 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 directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.50% of the company’s stock.

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.