Union Bancaire Privee UBP SA Buys New Stake in Emerson Electric Co. (NYSE:EMR)

Union Bancaire Privee UBP SA acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,532 shares of the industrial products company’s stock, valued at approximately $1,843,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in Emerson Electric in the third quarter valued at approximately $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric during the 4th quarter valued at approximately $27,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric during the third quarter worth $29,000. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric during the third quarter valued at $33,000. Finally, Frazier Financial Advisors LLC purchased a new position in Emerson Electric in the third quarter valued at $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on EMR shares. BNP Paribas began coverage on Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price on the stock. Royal Bank of Canada cut their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Loop Capital increased their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. KeyCorp boosted their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the 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.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of the company’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 transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by company insiders.

Emerson Electric Price Performance

Emerson Electric stock opened at $128.89 on Tuesday. The company has a 50-day moving average price of $127.10 and a 200 day moving average price of $115.98. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The stock has a market cap of $73.41 billion, a P/E ratio of 37.69, a PEG ratio of 2.22 and a beta of 1.35.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued 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 yield of 1.64%. Emerson Electric’s dividend payout ratio is currently 61.70%.

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.