WealthPlan Investment Management LLC Acquires 5,347 Shares of Emerson Electric Co. (NYSE:EMR)

WealthPlan Investment Management LLC lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 8.2% in the third quarter, HoldingsChannel.com reports. The fund owned 70,644 shares of the industrial products company’s stock after buying an additional 5,347 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Emerson Electric were worth $7,726,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the third quarter worth about $25,000. Transcendent Capital Group LLC bought a new position in Emerson Electric during the first quarter valued at approximately $31,000. Meeder Asset Management Inc. boosted its stake in 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 buying an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC bought a new position in Emerson Electric during the third quarter valued at approximately $33,000. Finally, Versant Capital Management Inc boosted its stake in Emerson Electric by 471.9% during the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after buying an additional 269 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EMR shares. Royal Bank of Canada dropped their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Barclays upped their price objective on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped 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. Oppenheimer upped their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $127.65.

Emerson Electric Stock Up 1.5 %

Emerson Electric stock opened at $129.20 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 0.86. The stock has a market capitalization 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 business has a fifty day moving average price of $108.87 and a 200-day moving average price of $109.43.

Emerson Electric Increases Dividend

The firm 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 $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.63%. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm’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 completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

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.