Mount Yale Investment Advisors LLC Has $702,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

Mount Yale Investment Advisors LLC increased its holdings in Emerson Electric Co. (NYSE:EMR) by 67.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,668 shares of the industrial products company’s stock after purchasing an additional 2,283 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Emerson Electric were worth $702,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric in the 4th quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new position in Emerson Electric in the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric in the 3rd quarter valued at $29,000. Frazier Financial Advisors LLC bought a new position in Emerson Electric during the third quarter valued at about $33,000. Finally, Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric in the third quarter valued at $33,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s 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 owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % 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. Insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EMR. Loop Capital boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Barclays upped their price target on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a report on Tuesday. They set an “outperform” rating and a $147.00 target price for the company. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $136.45.

Emerson Electric Stock Up 0.8 %

NYSE:EMR opened at $130.06 on Wednesday. The firm has a market capitalization of $74.07 billion, a price-to-earnings ratio of 38.03, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85. The stock’s 50 day moving average price is $127.09 and its two-hundred day moving average price is $116.09.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a dividend of $0.5275 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.62%. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio is 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.