Ashton Thomas Securities LLC Purchases New Holdings in Emerson Electric Co. (NYSE:EMR)

Ashton Thomas Securities LLC bought a new stake in Emerson Electric Co. (NYSE:EMR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,015 shares of the industrial products company’s stock, valued at approximately $111,000.

Other institutional investors have also modified their holdings of the company. Thrive Wealth Management LLC raised its position in Emerson Electric by 4.1% during the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after buying an additional 91 shares during the last quarter. LCM Capital Management Inc boosted its holdings in Emerson Electric by 1.4% in the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock valued at $748,000 after purchasing an additional 91 shares in the last quarter. Sabal Trust CO increased its position in Emerson Electric by 2.2% during the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock worth $475,000 after purchasing an additional 93 shares during the period. Catalyst Financial Partners LLC raised its stake in shares of Emerson Electric by 3.7% during the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock worth $287,000 after buying an additional 94 shares in the last quarter. Finally, Unison Advisors LLC boosted its stake in shares of Emerson Electric by 0.5% in the second quarter. Unison Advisors LLC now owns 21,016 shares of the industrial products company’s stock valued at $2,315,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research analyst reports. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Royal Bank of Canada reduced their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Oppenheimer raised their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, Morgan Stanley initiated coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $127.65.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Trading Down 0.6 %

Shares of Emerson Electric stock opened at $128.42 on Wednesday. The firm has a market cap of $73.55 billion, a PE ratio of 37.55, a P/E/G ratio of 2.13 and a beta of 1.30. The company has a quick ratio of 0.86, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a fifty-two week low of $85.91 and a fifty-two week high of $130.30. The business’s fifty day moving average is $108.87 and its two-hundred day moving average is $109.43.

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 paid a dividend of $0.5275 per share. 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 1.64%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 61.70%.

About Emerson Electric

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.