Fortem Financial Group LLC Buys 458 Shares of Emerson Electric Co. (NYSE:EMR)

Fortem Financial Group LLC increased its stake in Emerson Electric Co. (NYSE:EMR) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,681 shares of the industrial products company’s stock after purchasing an additional 458 shares during the period. Emerson Electric accounts for 1.2% of Fortem Financial Group LLC’s portfolio, making the stock its 23rd largest holding. Fortem Financial Group LLC’s holdings in Emerson Electric were worth $3,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric during the third quarter valued at $25,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric during the 3rd quarter worth about $29,000. Meeder Asset Management Inc. lifted its position in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares during the period. Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric in the 3rd quarter valued at about $33,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $33,000. 74.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. KeyCorp upped their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Loop Capital raised their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Wells Fargo & Company increased their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $134.58.

Emerson Electric Stock Down 1.2 %

NYSE:EMR traded down $1.43 during trading hours on Monday, reaching $122.01. 1,606,578 shares of the stock were exchanged, compared to its average volume of 1,659,025. The stock has a market cap of $69.49 billion, a PE ratio of 35.68, a PEG ratio of 2.20 and a beta of 1.35. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85. The firm has a 50 day moving average of $125.93 and a 200 day moving average of $114.44. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a $0.5275 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.73%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is 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.