Sonora Investment Management Group LLC Increases Position in Emerson Electric Co. (NYSE:EMR)

Sonora Investment Management Group LLC boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 78,383 shares of the industrial products company’s stock after acquiring an additional 2,897 shares during the quarter. Sonora Investment Management Group LLC’s holdings in Emerson Electric were worth $9,714,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EMR. Fiduciary Advisors Inc. purchased a new stake in Emerson Electric in the fourth quarter valued at $35,000. Cibc World Market Inc. boosted its stake in shares of Emerson Electric by 21.6% during the 4th quarter. Cibc World Market Inc. now owns 411,191 shares of the industrial products company’s stock worth $50,959,000 after acquiring an additional 73,048 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in shares of Emerson Electric in the 4th quarter valued at about $10,087,000. Colton Groome Financial Advisors LLC grew its holdings in Emerson Electric by 5.6% in the fourth quarter. Colton Groome Financial Advisors LLC now owns 5,419 shares of the industrial products company’s stock valued at $672,000 after purchasing an additional 285 shares during the period. Finally, Crews Bank & Trust acquired a new stake in Emerson Electric in the 4th quarter valued at $1,039,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business’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 directly owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on EMR. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Robert W. Baird increased their price target on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Wells Fargo & Company lowered their price target on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Barclays raised their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research report on Tuesday. They issued an “outperform” rating and a $147.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $136.45.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $130.41 on Friday. The stock has a market cap of $74.27 billion, a P/E ratio of 38.13, a P/E/G ratio of 2.20 and a beta of 1.35. The stock has a 50 day moving average of $127.10 and a two-hundred day moving average of $116.28. 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 twelve month low of $91.64 and a twelve month high of $134.85.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. Emerson Electric’s payout ratio is presently 61.70%.

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.