Emerson Electric Co. (NYSE:EMR) Shares Bought by Providence Capital Advisors LLC

Providence Capital Advisors LLC increased its holdings in Emerson Electric Co. (NYSE:EMR) by 201,785.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 56,528 shares of the industrial products company’s stock after buying an additional 56,500 shares during the period. Providence Capital Advisors LLC’s holdings in Emerson Electric were worth $6,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in EMR. New Covenant Trust Company N.A. acquired a new stake in shares of Emerson Electric during the 1st quarter worth approximately $55,000. Virtu Financial LLC acquired a new stake in shares of Emerson Electric during the 1st quarter worth approximately $968,000. Atria Investments Inc grew its stake in shares of Emerson Electric by 48.5% during the 1st quarter. Atria Investments Inc now owns 50,626 shares of the industrial products company’s stock worth $5,741,000 after purchasing an additional 16,525 shares during the period. Cetera Investment Advisers grew its stake in shares of Emerson Electric by 446.5% during the 1st quarter. Cetera Investment Advisers now owns 195,095 shares of the industrial products company’s stock worth $22,128,000 after purchasing an additional 159,395 shares during the period. Finally, Cetera Advisors LLC lifted its position in shares of Emerson Electric by 24.6% during the 1st quarter. Cetera Advisors LLC now owns 68,057 shares of the industrial products company’s stock valued at $7,719,000 after buying an additional 13,434 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.3 %

Shares of EMR opened at $132.62 on Thursday. Emerson Electric Co. has a 52-week low of $87.55 and a 52-week high of $134.17. The company has a market capitalization of $75.62 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30. The stock has a fifty day simple moving average of $115.79 and a two-hundred day simple moving average of $111.15. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.59%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. KeyCorp increased their target price on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. BNP Paribas assumed coverage on Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price on the stock. UBS Group assumed coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. Morgan Stanley began coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. Finally, Wells Fargo & Company raised their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $130.00.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of the firm’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 completion of the sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

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.