Graypoint LLC Has $342,000 Position in Emerson Electric Co. (NYSE:EMR)

Graypoint LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,763 shares of the industrial products company’s stock after acquiring an additional 223 shares during the quarter. Graypoint LLC’s holdings in Emerson Electric were worth $342,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. HBW Advisory Services LLC grew its holdings in shares of Emerson Electric by 6.6% in the 4th quarter. HBW Advisory Services LLC now owns 1,976 shares of the industrial products company’s stock valued at $245,000 after buying an additional 122 shares during the period. LVM Capital Management Ltd. MI acquired a new position in Emerson Electric in the fourth quarter valued at about $209,000. ST Germain D J Co. Inc. raised its position in shares of Emerson Electric by 6.3% during the fourth quarter. ST Germain D J Co. Inc. now owns 16,042 shares of the industrial products company’s stock worth $1,988,000 after purchasing an additional 948 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Emerson Electric by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 354,034 shares of the industrial products company’s stock valued at $43,875,000 after purchasing an additional 983 shares in the last quarter. Finally, Legacy Private Trust Co. grew its position in shares of Emerson Electric by 7.0% in the 4th quarter. Legacy Private Trust Co. now owns 18,893 shares of the industrial products company’s stock valued at $2,341,000 after purchasing an additional 1,230 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 2.2 %

Shares of EMR opened at $117.64 on Friday. The firm’s 50-day simple moving average is $127.08 and its 200 day simple moving average is $114.81. 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 market cap of $67.00 billion, a P/E ratio of 34.40, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a dividend of $0.5275 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.79%. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EMR. Royal Bank of Canada cut their price target 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. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price for the company. Wells Fargo & Company dropped their target price on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Barclays boosted their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, Oppenheimer lifted their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.84.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.