Whitener Capital Management Inc. Raises Stock Position in Emerson Electric Co. (NYSE:EMR)

Whitener Capital Management Inc. increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.0% in the 4th quarter, HoldingsChannel reports. The firm owned 20,565 shares of the industrial products company’s stock after acquiring an additional 208 shares during the quarter. Whitener Capital Management Inc.’s holdings in Emerson Electric were worth $2,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in EMR. Capital Performance Advisors LLP acquired a new stake in Emerson Electric during the third quarter valued at $25,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric during the third quarter valued at $29,000. Frazier Financial Advisors LLC acquired a new stake in Emerson Electric during the third quarter valued at $33,000. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric during the third quarter valued at $33,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Emerson Electric during the third quarter valued at $43,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the topic of several analyst reports. Loop Capital raised their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Robert W. Baird lifted their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. BNP Paribas began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. KeyCorp lifted their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, UBS Group began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.89.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the business’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 sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by insiders.

Emerson Electric Price Performance

Shares of EMR stock opened at $124.65 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The firm’s 50-day moving average is $127.10 and its two-hundred day moving average is $115.11. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85. The company has a market capitalization of $70.99 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 1.98 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. 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 an increase 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 payout ratio is 61.70%.

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.