Logan Capital Management Inc. Buys 260 Shares of Emerson Electric Co. (NYSE:EMR)

Logan Capital Management Inc. grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 45,770 shares of the industrial products company’s stock after buying an additional 260 shares during the quarter. Logan Capital Management Inc.’s holdings in Emerson Electric were worth $5,006,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Blue Trust Inc. lifted its position in Emerson Electric by 9.3% in the 2nd quarter. Blue Trust Inc. now owns 4,048 shares of the industrial products company’s stock valued at $459,000 after acquiring an additional 344 shares in the last quarter. Gradient Investments LLC raised its position in Emerson Electric by 538.3% in the 2nd quarter. Gradient Investments LLC now owns 1,117 shares of the industrial products company’s stock valued at $123,000 after buying an additional 942 shares during the last quarter. Everpar Advisors LLC lifted its stake in Emerson Electric by 4.9% during the 2nd quarter. Everpar Advisors LLC now owns 2,635 shares of the industrial products company’s stock valued at $290,000 after acquiring an additional 124 shares in the last quarter. ARS Wealth Advisors Group LLC boosted its holdings in Emerson Electric by 17.9% during the 2nd quarter. ARS Wealth Advisors Group LLC now owns 2,835 shares of the industrial products company’s stock worth $312,000 after acquiring an additional 431 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its stake in shares of Emerson Electric by 2.3% in the 2nd quarter. Apollon Wealth Management LLC now owns 34,915 shares of the industrial products company’s stock worth $3,846,000 after acquiring an additional 772 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EMR. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a report on Thursday. They set a “buy” rating and a $160.00 price target on the stock. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Sunday, December 8th. Deutsche Bank Aktiengesellschaft increased their price target on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Loop Capital boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, BNP Paribas started coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $134.58.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR stock opened at $130.19 on Friday. The firm has a market cap of $74.14 billion, a P/E ratio of 38.07, a P/E/G ratio of 2.20 and a beta of 1.34. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The business’s 50 day moving average price is $121.54 and its 200-day moving average price is $112.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a dividend of $0.5275 per share. 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 1.62%. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s payout ratio 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.