Nwam LLC Acquires Shares of 10,790 Emerson Electric Co. (NYSE:EMR)

Nwam LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,790 shares of the industrial products company’s stock, valued at approximately $1,180,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EMR. Capital Performance Advisors LLP acquired a new stake in Emerson Electric during the 3rd quarter valued at $25,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric during the 3rd quarter worth about $29,000. Transcendent Capital Group LLC purchased a new position in Emerson Electric during the 1st quarter valued at about $31,000. Frazier Financial Advisors LLC purchased a new position in Emerson Electric during the 3rd quarter valued at about $33,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Up 1.4 %

Emerson Electric stock opened at $130.07 on Friday. The business’s 50-day simple moving average is $114.02 and its 200-day simple moving average is $110.77. Emerson Electric Co. has a 52 week low of $87.55 and a 52 week high of $131.56. The firm has a market capitalization of $74.17 billion, a PE ratio of 38.03, a PEG ratio of 2.15 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. Emerson Electric’s payout ratio is 61.70%.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EMR shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday. BNP Paribas assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target for the company. Finally, Oppenheimer lifted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.00.

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.