Emerson Electric Co. (NYSE:EMR) Stock Holdings Increased by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,020 shares of the industrial products company’s stock after purchasing an additional 300 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Emerson Electric were worth $658,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in EMR. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric during the third quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric during the third quarter valued at approximately $29,000. Meeder Asset Management Inc. grew its holdings in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric during the third quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Emerson Electric during the third quarter valued at approximately $33,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $133.75 on Tuesday. Emerson Electric Co. has a 12-month low of $87.59 and a 12-month high of $134.17. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The company has a market cap of $76.26 billion, a P/E ratio of 39.11, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30. The company’s fifty day moving average is $116.88 and its two-hundred day moving average is $111.38.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.5275 dividend. 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 dividend on an annualized basis and a dividend yield of 1.58%. Emerson Electric’s dividend payout ratio is 61.70%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. UBS Group started coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. Robert W. Baird increased their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.11.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.25% of the stock is currently owned by company insiders.

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.