Emerson Electric Co. (NYSE:EMR) Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC increased its position in Emerson Electric Co. (NYSE:EMR) by 12.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,501 shares of the industrial products company’s stock after buying an additional 1,055 shares during the period. Chicago Partners Investment Group LLC’s holdings in Emerson Electric were worth $1,143,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EMR. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric during the third quarter worth $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric in the 4th quarter worth about $27,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric during the 3rd quarter valued at about $29,000. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric during the 3rd quarter worth about $33,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Emerson Electric in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.5 %

Emerson Electric stock opened at $129.85 on Monday. 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 Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The firm’s 50-day moving average is $127.13 and its 200-day moving average is $116.45. The company has a market cap of $73.95 billion, a P/E ratio of 37.97, a PEG ratio of 2.20 and a beta of 1.35.

Emerson Electric Increases Dividend

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

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction on Wednesday, November 6th. The stock was 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 of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. UBS Group assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. Finally, KeyCorp lifted 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $136.45.

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.