Gries Financial LLC Purchases 280 Shares of Emerson Electric Co. (NYSE:EMR)

Gries Financial LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,501 shares of the industrial products company’s stock after purchasing an additional 280 shares during the quarter. Gries Financial LLC’s holdings in Emerson Electric were worth $930,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EMR. Wells Fargo & Company lowered their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Loop Capital increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Barclays increased their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.45.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $128.92 on Thursday. The firm has a 50 day moving average of $127.10 and a 200-day moving average of $116.19. The stock has a market capitalization of $73.42 billion, a PE ratio of 37.70, a PEG ratio of 2.22 and a beta of 1.35. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.64%. Emerson Electric’s payout ratio is presently 61.70%.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

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.