Capital Investment Counsel LLC Has $5.28 Million Stake in Emerson Electric Co. (NYSE:EMR)

Capital Investment Counsel LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,271 shares of the industrial products company’s stock after buying an additional 2,190 shares during the quarter. Capital Investment Counsel LLC’s holdings in Emerson Electric were worth $5,279,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in Emerson Electric during the third quarter worth about $25,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth approximately $29,000. Transcendent Capital Group LLC bought a new stake in shares of Emerson Electric during the 1st quarter worth approximately $31,000. Meeder Asset Management Inc. boosted its holdings in shares of Emerson Electric by 361.5% in 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. Finally, Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the third quarter worth $33,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred on 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 transaction, 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 legal filing with the SEC, which is available through this link. 0.25% of the stock is currently owned by insiders.

Emerson Electric Stock Up 1.4 %

Shares of EMR opened at $130.07 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $74.17 billion, a PE ratio of 38.03, a P/E/G ratio of 2.15 and a beta of 1.30. The firm’s 50 day moving average is $114.02 and its 200-day moving average is $110.77. Emerson Electric Co. has a 12 month low of $87.55 and a 12 month high of $131.56.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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 1.62%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays increased their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. UBS Group initiated coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. Wells Fargo & Company upped their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. KeyCorp lifted their target price on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird boosted their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

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.