Geneos Wealth Management Inc. Increases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Geneos Wealth Management Inc. grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,892 shares of the industrial products company’s stock after purchasing an additional 869 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Emerson Electric were worth $5,687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Firethorn Wealth Partners LLC raised its position in Emerson Electric by 5.4% in the fourth quarter. Firethorn Wealth Partners LLC now owns 2,026 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 104 shares during the period. CX Institutional raised its holdings in Emerson Electric by 4.8% in the 4th quarter. CX Institutional now owns 16,491 shares of the industrial products company’s stock worth $2,044,000 after purchasing an additional 756 shares during the period. Southland Equity Partners LLC purchased a new position in Emerson Electric during the fourth quarter valued at $211,000. LexAurum Advisors LLC increased its position in Emerson Electric by 3.3% in the fourth quarter. LexAurum Advisors LLC now owns 4,777 shares of the industrial products company’s stock worth $592,000 after buying an additional 151 shares in the last quarter. Finally, RFG Advisory LLC raised its stake in shares of Emerson Electric by 78.8% in the fourth quarter. RFG Advisory LLC now owns 15,506 shares of the industrial products company’s stock worth $1,922,000 after buying an additional 6,833 shares during the period. Institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. BNP Paribas assumed coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective for the company. Jefferies Financial Group started coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price for the company. KeyCorp raised their price target on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Robert W. Baird increased 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Emerson Electric Trading Down 0.4 %

Shares of NYSE EMR opened at $130.62 on Friday. The stock has a market capitalization of $74.39 billion, a P/E ratio of 38.19, a PEG ratio of 2.22 and a beta of 1.35. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85. The business’s 50 day moving average is $127.10 and its two-hundred day moving average is $115.91. 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 Increases Dividend

The company also recently disclosed 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. This represents a $2.11 annualized dividend and a yield of 1.62%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s payout ratio is presently 61.70%.

About Emerson Electric

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.