Aptus Capital Advisors LLC Purchases 966 Shares of Emerson Electric Co. (NYSE:EMR)

Aptus Capital Advisors LLC lifted its position in Emerson Electric Co. (NYSE:EMR) by 12.3% in the 3rd quarter, Holdings Channel reports. The fund owned 8,793 shares of the industrial products company’s stock after acquiring an additional 966 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Emerson Electric were worth $962,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in Emerson Electric during the third quarter valued at $25,000. Transcendent Capital Group LLC bought a new position in shares of Emerson Electric in the 1st quarter worth about $31,000. Meeder Asset Management Inc. lifted its position 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 acquiring an additional 235 shares during the period. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric during the third quarter worth about $33,000. Finally, Versant Capital Management Inc grew its holdings in Emerson Electric by 471.9% in the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 269 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the topic of a number of analyst reports. Robert W. Baird boosted their price target on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Oppenheimer upped their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. UBS Group initiated coverage on shares of Emerson Electric in a research note on Wednesday. They set a “neutral” rating and a $135.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $130.00.

Emerson Electric Stock Down 0.9 %

Shares of EMR stock opened at $129.05 on Friday. The company has a 50 day simple moving average of $109.98 and a two-hundred day simple moving average of $109.71. The stock has a market cap of $73.91 billion, a P/E ratio of 37.73, a P/E/G ratio of 2.16 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $87.17 and a 12 month high of $131.56. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.64%. Emerson Electric’s payout ratio is 61.40%.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.