Anchor Investment Management LLC Buys 1,297 Shares of Emerson Electric Co. (NYSE:EMR)

Anchor Investment Management LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,627 shares of the industrial products company’s stock after acquiring an additional 1,297 shares during the quarter. Anchor Investment Management LLC’s holdings in Emerson Electric were worth $3,350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EMR. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the third quarter worth $29,000. Meeder Asset Management Inc. increased its stake in shares of Emerson Electric by 361.5% in the second 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 in the last quarter. Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric in the third quarter worth about $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in Emerson Electric during the 3rd quarter worth $33,000. 74.30% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the company’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 sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EMR shares. UBS Group assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. BNP Paribas started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target for the company. Barclays lifted their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Jefferies Financial Group began coverage on Emerson Electric in a research note on Thursday. They issued a “buy” rating and a $160.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.58.

Emerson Electric Stock Performance

EMR opened at $130.90 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The company has a market capitalization of $74.55 billion, a price-to-earnings ratio of 38.27, a P/E/G ratio of 2.20 and a beta of 1.34. The business’s 50-day moving average price is $120.74 and its two-hundred day moving average price is $112.43. Emerson Electric Co. has a 1 year low of $89.17 and a 1 year high of $134.85.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.61%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is 61.70%.

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.