Mitchell & Pahl Private Wealth LLC Purchases 816 Shares of Emerson Electric Co. (NYSE:EMR)

Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,824 shares of the industrial products company’s stock after purchasing an additional 816 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in Emerson Electric were worth $2,457,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Grove Bank & Trust increased its stake in Emerson Electric by 5.4% in the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 90 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of Emerson Electric by 0.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company’s stock worth $2,016,000 after buying an additional 97 shares during the period. Sandbox Financial Partners LLC raised its holdings in Emerson Electric by 5.3% during the 4th quarter. Sandbox Financial Partners LLC now owns 1,942 shares of the industrial products company’s stock valued at $241,000 after buying an additional 97 shares during the last quarter. Wedmont Private Capital grew its holdings in Emerson Electric by 2.0% in the 3rd quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock worth $557,000 after acquiring an additional 99 shares during the last quarter. Finally, Unison Advisors LLC increased its position in shares of Emerson Electric by 0.5% in the third quarter. Unison Advisors LLC now owns 21,115 shares of the industrial products company’s stock valued at $2,309,000 after acquiring an additional 99 shares during the period. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EMR. Barclays raised their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Oppenheimer upped 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. Robert W. Baird lifted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.89.

Insider Transactions at Emerson Electric

In related 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 legal filing with the SEC, which is available at this link. Company insiders own 0.50% of the company’s stock.

Emerson Electric Stock Up 1.1 %

EMR stock opened at $124.65 on Tuesday. The stock has a market capitalization of $70.99 billion, a P/E ratio of 36.45, a P/E/G ratio of 2.12 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85. The business has a fifty day moving average price of $127.05 and a 200-day moving average price of $115.31.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.69%. 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 (DPR) is presently 61.70%.

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.