Emerson Electric Co. (NYSE:EMR) Shares Purchased by WealthPLAN Partners LLC

WealthPLAN Partners LLC increased its stake in Emerson Electric Co. (NYSE:EMR) by 18.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 33,092 shares of the industrial products company’s stock after acquiring an additional 5,207 shares during the period. WealthPLAN Partners LLC’s holdings in Emerson Electric were worth $3,619,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Newport Trust Company LLC acquired a new stake in shares of Emerson Electric in the second quarter valued at $574,908,000. Legal & General Group Plc lifted its holdings in Emerson Electric by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock valued at $496,877,000 after acquiring an additional 224,784 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after acquiring an additional 2,016,075 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Emerson Electric by 3.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,738,701 shares of the industrial products company’s stock worth $297,653,000 after purchasing an additional 88,294 shares during the period. Finally, Swedbank AB lifted its holdings in shares of Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 sale, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EMR has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price objective on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Morgan Stanley assumed coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. Robert W. Baird upped their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada dropped their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $127.65.

Emerson Electric Trading Up 1.5 %

Shares of Emerson Electric stock opened at $129.20 on Tuesday. The company has a market cap of $73.99 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 2.13 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $85.91 and a 1 year high of $130.00. The company’s fifty day simple moving average is $108.39 and its 200-day simple moving average is $109.30. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.63%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 61.70%.

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.