Emerson Electric Co. (NYSE:EMR) Shares Bought by Sandy Cove Advisors LLC

Sandy Cove Advisors LLC grew its position in Emerson Electric Co. (NYSE:EMR) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,915 shares of the industrial products company’s stock after purchasing an additional 100 shares during the period. Sandy Cove Advisors LLC’s holdings in Emerson Electric were worth $361,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the third quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric in the third quarter worth approximately $29,000. Morton Brown Family Wealth LLC bought a new position in Emerson Electric during the 3rd quarter valued at $33,000. Frazier Financial Advisors LLC bought a new stake in shares of Emerson Electric in the 3rd quarter worth $33,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at $43,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 1.1 %

Shares of NYSE EMR opened at $124.65 on Friday. 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 company’s fifty day moving average is $127.05 and its 200-day moving average is $115.22. The stock has a market cap of $70.99 billion, a price-to-earnings ratio of 36.45, a P/E/G ratio of 1.98 and a beta of 1.35.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.69%. Emerson Electric’s dividend payout ratio is currently 61.70%.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’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 approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on EMR shares. KeyCorp increased their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Loop Capital lifted 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. BNP Paribas began coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada decreased their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $135.89.

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.