Phillips Wealth Planners LLC Acquires 534 Shares of Emerson Electric Co. (NYSE:EMR)

Phillips Wealth Planners LLC increased its holdings in Emerson Electric Co. (NYSE:EMR) by 28.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,431 shares of the industrial products company’s stock after purchasing an additional 534 shares during the quarter. Phillips Wealth Planners LLC’s holdings in Emerson Electric were worth $287,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Grove Bank & Trust raised its position in Emerson Electric by 5.4% in the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 90 shares during the period. Creative Financial Designs Inc. ADV raised its position in Emerson Electric by 0.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company’s stock worth $2,016,000 after purchasing an additional 97 shares during the period. Sandbox Financial Partners LLC raised its position in Emerson Electric by 5.3% in the 4th quarter. Sandbox Financial Partners LLC now owns 1,942 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 97 shares during the period. Wedmont Private Capital raised its position in Emerson Electric by 2.0% in the 3rd quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock worth $557,000 after purchasing an additional 99 shares during the period. Finally, Unison Advisors LLC grew its holdings in Emerson Electric by 0.5% in the 3rd quarter. Unison Advisors LLC now owns 21,115 shares of the industrial products company’s stock worth $2,309,000 after acquiring an additional 99 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.4 %

Shares of Emerson Electric stock opened at $130.02 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The stock has a market capitalization of $74.05 billion, a PE ratio of 38.02, a price-to-earnings-growth ratio of 2.13 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 50-day simple moving average of $126.98 and a two-hundred day simple moving average of $115.55.

Emerson Electric Increases Dividend

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

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 completion of the transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on EMR. Oppenheimer raised their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Loop Capital raised their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Robert W. Baird raised their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Jefferies Financial Group began coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. Finally, Barclays lifted their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.