First Pacific Financial Grows Holdings in Emerson Electric Co. (NYSE:EMR)

First Pacific Financial grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 441.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,840 shares of the industrial products company’s stock after buying an additional 1,500 shares during the quarter. First Pacific Financial’s holdings in Emerson Electric were worth $228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EMR. Goldstone Financial Group LLC increased its holdings in Emerson Electric by 15.7% in the fourth quarter. Goldstone Financial Group LLC now owns 4,162 shares of the industrial products company’s stock valued at $516,000 after buying an additional 564 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in Emerson Electric in the fourth quarter valued at about $82,000. Occidental Asset Management LLC increased its holdings in Emerson Electric by 7.0% in the fourth quarter. Occidental Asset Management LLC now owns 35,515 shares of the industrial products company’s stock valued at $4,401,000 after buying an additional 2,310 shares during the last quarter. Empirical Asset Management LLC bought a new stake in Emerson Electric in the fourth quarter valued at about $1,793,000. Finally, Carnegie Investment Counsel lifted its position in shares of Emerson Electric by 4.1% in the 4th quarter. Carnegie Investment Counsel now owns 96,394 shares of the industrial products company’s stock worth $11,946,000 after buying an additional 3,812 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 2.1 %

NYSE EMR opened at $123.32 on Friday. The stock has a 50 day moving average of $127.18 and a 200-day moving average of $115.05. The company has a market cap of $70.23 billion, a PE ratio of 36.06, a PEG ratio of 1.98 and a beta of 1.35. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85.

Emerson Electric Increases Dividend

The firm also recently declared 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 represents a $2.11 dividend on an annualized basis and a yield of 1.71%. 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 payout ratio is 61.70%.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EMR shares. BNP Paribas began coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective for the company. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Loop Capital boosted their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. Finally, KeyCorp raised their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.89.

Emerson Electric 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.