Friedenthal Financial Purchases New Stake in Emerson Electric Co. (NYSE:EMR)

Friedenthal Financial acquired a new position in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 405 shares of the industrial products company’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds also recently bought and sold shares of EMR. Bar Harbor Wealth Management raised its holdings in shares of Emerson Electric by 0.7% during the fourth quarter. Bar Harbor Wealth Management now owns 74,270 shares of the industrial products company’s stock worth $9,204,000 after acquiring an additional 481 shares in the last quarter. Eastern Bank raised its stake in shares of Emerson Electric by 18.6% during the 4th quarter. Eastern Bank now owns 381,919 shares of the industrial products company’s stock worth $47,331,000 after purchasing an additional 59,850 shares in the last quarter. Wedmont Private Capital lifted its holdings in shares of Emerson Electric by 7.6% during the 4th quarter. Wedmont Private Capital now owns 5,324 shares of the industrial products company’s stock valued at $628,000 after buying an additional 374 shares during the last quarter. Talbot Financial LLC grew its stake in shares of Emerson Electric by 0.7% in the 4th quarter. Talbot Financial LLC now owns 77,391 shares of the industrial products company’s stock valued at $9,591,000 after buying an additional 508 shares in the last quarter. Finally, CHICAGO TRUST Co NA increased its holdings in Emerson Electric by 0.7% in the fourth quarter. CHICAGO TRUST Co NA now owns 20,171 shares of the industrial products company’s stock worth $2,500,000 after buying an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Activity

In other Emerson Electric 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 value of $2,711,289.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Emerson Electric Trading Up 0.5 %

Shares of EMR stock opened at $118.50 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The firm has a fifty day moving average of $127.26 and a 200-day moving average of $114.94. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week high of $134.85. The stock has a market cap of $67.49 billion, a price-to-earnings ratio of 34.65, a P/E/G ratio of 2.19 and a beta of 1.35.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.78%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s payout ratio is presently 61.70%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Barclays lifted their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Loop Capital upped their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Jefferies Financial Group assumed coverage on Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock. Finally, UBS Group initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.84.

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.