Emerson Electric Co. (NYSE:EMR) Shares Bought by Tidal Investments LLC

Tidal Investments LLC grew its position in Emerson Electric Co. (NYSE:EMR) by 12.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,491 shares of the industrial products company’s stock after purchasing an additional 2,937 shares during the quarter. Tidal Investments LLC’s holdings in Emerson Electric were worth $3,007,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its position in shares of Emerson Electric by 9.3% during the 2nd quarter. Blue Trust Inc. now owns 4,048 shares of the industrial products company’s stock worth $459,000 after acquiring an additional 344 shares in the last quarter. Gradient Investments LLC boosted its holdings in Emerson Electric by 538.3% in the second quarter. Gradient Investments LLC now owns 1,117 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 942 shares in the last quarter. Apollon Wealth Management LLC increased its stake in Emerson Electric by 2.3% in the second quarter. Apollon Wealth Management LLC now owns 34,915 shares of the industrial products company’s stock valued at $3,846,000 after purchasing an additional 772 shares during the last quarter. Sara Bay Financial raised its holdings in Emerson Electric by 0.6% during the second quarter. Sara Bay Financial now owns 23,789 shares of the industrial products company’s stock worth $2,621,000 after purchasing an additional 131 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Emerson Electric by 7.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 515,994 shares of the industrial products company’s stock worth $56,842,000 after buying an additional 36,856 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EMR shares. Royal Bank of Canada cut their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Barclays lifted their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Robert W. Baird upped their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Oppenheimer lifted their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, BNP Paribas initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $134.58.

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 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 directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Emerson Electric Trading Down 0.7 %

NYSE EMR opened at $130.20 on Friday. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week high of $134.85. The firm has a 50-day moving average price of $121.54 and a 200 day moving average price of $112.68. The stock has a market capitalization of $74.15 billion, a P/E ratio of 38.07, a P/E/G ratio of 2.20 and a beta of 1.34. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. 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 1.62%. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

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.