Parsons Capital Management Inc. RI Purchases 137,966 Shares of Emerson Electric Co. (NYSE:EMR)

Parsons Capital Management Inc. RI raised its holdings in Emerson Electric Co. (NYSE:EMR) by 368.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 175,391 shares of the industrial products company’s stock after purchasing an additional 137,966 shares during the period. Emerson Electric makes up 1.2% of Parsons Capital Management Inc. RI’s portfolio, making the stock its 13th biggest position. Parsons Capital Management Inc. RI’s holdings in Emerson Electric were worth $21,736,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC lifted its position in shares of Emerson Electric by 67.4% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,668 shares of the industrial products company’s stock worth $702,000 after buying an additional 2,283 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Emerson Electric during the fourth quarter worth $1,843,000. Capital Asset Advisory Services LLC lifted its holdings in shares of Emerson Electric by 1.5% during the fourth quarter. Capital Asset Advisory Services LLC now owns 44,000 shares of the industrial products company’s stock valued at $5,431,000 after acquiring an additional 652 shares during the period. Blue Trust Inc. boosted its stake in shares of Emerson Electric by 24.1% in the 4th quarter. Blue Trust Inc. now owns 8,092 shares of the industrial products company’s stock valued at $1,003,000 after purchasing an additional 1,569 shares in the last quarter. Finally, Legacy Financial Group LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth about $436,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR stock opened at $130.62 on Monday. The firm’s 50 day moving average price is $127.10 and its two-hundred day moving average price is $115.98. The stock has a market cap of $74.39 billion, a PE ratio of 38.19, a PEG ratio of 2.22 and a beta of 1.35. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week high of $134.85. 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. Investors of record on Friday, November 15th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. Emerson Electric’s payout ratio is 61.70%.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction on 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 directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on EMR. KeyCorp boosted their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Wells Fargo & Company reduced their target price on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird raised their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note 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 given 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 price target of $135.89.

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.