481 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Peterson Financial Group Inc.

Peterson Financial Group Inc. acquired a new position in Emerson Electric Co. (NYSE:EMR) in the third quarter, HoldingsChannel.com reports. The firm acquired 481 shares of the industrial products company’s stock, valued at approximately $53,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in Emerson Electric during the 3rd quarter valued at $25,000. Transcendent Capital Group LLC purchased a new stake in Emerson Electric during the 1st quarter valued at $31,000. Meeder Asset Management Inc. raised its stake in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric during the 3rd quarter valued at $33,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Emerson Electric during the 3rd quarter valued at $33,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 1.3 %

EMR opened at $126.78 on Friday. The firm has a 50-day simple moving average of $111.14 and a two-hundred day simple moving average of $109.98. Emerson Electric Co. has a 52 week low of $87.17 and a 52 week high of $131.56. The company has a market capitalization of $72.29 billion, a PE ratio of 37.07, a price-to-earnings-growth ratio of 2.13 and a beta of 1.30. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is 61.40%.

Analysts Set New Price Targets

EMR has been the subject of several analyst reports. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays upped their price objective on Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. KeyCorp upped their price objective on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. UBS Group initiated coverage on Emerson Electric in a research note on Wednesday. They issued a “neutral” rating and a $135.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note 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 company. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $130.00.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.