Moss Adams Wealth Advisors LLC Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Moss Adams Wealth Advisors LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,621 shares of the industrial products company’s stock, valued at approximately $201,000.

Other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in Emerson Electric in the 3rd quarter worth about $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the third quarter valued at approximately $29,000. Morton Brown Family Wealth LLC purchased a new position in Emerson Electric during the 3rd quarter worth $33,000. Frazier Financial Advisors LLC bought a new stake in Emerson Electric during the 3rd quarter valued at $33,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Emerson Electric during the 3rd quarter worth $43,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 1.1 %

Shares of Emerson Electric stock opened at $124.65 on Monday. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. 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 company has a market cap of $70.99 billion, a P/E ratio of 36.45, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. The firm has a 50-day simple moving average of $127.05 and a two-hundred day simple moving average of $115.27.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a $0.5275 dividend. The ex-dividend date was Friday, November 15th. This is a boost 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 1.69%. Emerson Electric’s payout ratio is 61.70%.

Analysts Set New Price Targets

A number of analysts recently weighed in on EMR shares. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. UBS Group started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective on the stock. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Wells Fargo & Company lowered their price objective on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have assigned 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 an average rating of “Moderate Buy” and a consensus target price of $135.89.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred 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 of the company’s stock, valued at $33,052,911.68. The trade was 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 link. 0.50% 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.