Capital Market Strategies LLC Increases Position in Emerson Electric Co. (NYSE:EMR)

Capital Market Strategies LLC raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,300 shares of the industrial products company’s stock after acquiring an additional 224 shares during the period. Capital Market Strategies LLC’s holdings in Emerson Electric were worth $533,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV boosted its holdings in Emerson Electric by 0.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company’s stock worth $2,016,000 after acquiring an additional 97 shares during the period. Wedmont Private Capital lifted its position in shares of Emerson Electric by 2.0% during the third quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock worth $557,000 after purchasing an additional 99 shares during the last quarter. Unison Advisors LLC increased its holdings in 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 buying an additional 99 shares during the last quarter. Chesapeake Wealth Management lifted its holdings in Emerson Electric by 5.5% during the 2nd quarter. Chesapeake Wealth Management now owns 1,930 shares of the industrial products company’s stock worth $213,000 after buying an additional 100 shares during the last quarter. Finally, Gabelli Funds LLC grew its position in shares of Emerson Electric by 1.9% in the 2nd quarter. Gabelli Funds LLC now owns 5,380 shares of the industrial products company’s stock worth $593,000 after acquiring an additional 100 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded down $0.50 during trading on Monday, reaching $122.94. The company’s stock had a trading volume of 859,215 shares, compared to its average volume of 1,429,902. The business’s fifty day moving average price is $125.93 and its 200-day moving average price is $114.44. Emerson Electric Co. has a one year low of $91.64 and a one year high of $134.85. The firm has a market cap of $70.02 billion, a price-to-earnings ratio of 35.95, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. 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. Stockholders of record on Friday, November 15th were paid a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.72%. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent research reports. KeyCorp raised their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Barclays lifted their target price on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. UBS Group assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Oppenheimer boosted their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $134.58.

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.