Ballentine Partners LLC Purchases 397 Shares of Emerson Electric Co. (NYSE:EMR)

Ballentine Partners LLC boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,942 shares of the industrial products company’s stock after acquiring an additional 397 shares during the quarter. Ballentine Partners LLC’s holdings in Emerson Electric were worth $1,852,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB raised its position in Emerson Electric by 120.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after acquiring an additional 30,741 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after acquiring an additional 162,985 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Emerson Electric by 17.0% in the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock valued at $152,359,000 after acquiring an additional 194,944 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Emerson Electric by 8.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock valued at $7,578,000 after acquiring an additional 5,416 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in Emerson Electric by 130.0% during the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after buying an additional 5,393 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

NYSE:EMR opened at $129.51 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The stock’s 50 day simple moving average is $126.96 and its two-hundred day simple moving average is $115.41. The company has a market cap of $73.76 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 2.12 and a beta of 1.35.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.63%. The ex-dividend date was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is 61.70%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reduced their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Wells Fargo & Company cut their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Robert W. Baird boosted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. One 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction on 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 completion of the sale, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.50% of the stock is currently owned by corporate insiders.

Emerson Electric 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.