Baron Wealth Management LLC Boosts Position in Emerson Electric Co. (NYSE:EMR)

Baron Wealth Management LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,431 shares of the industrial products company’s stock after buying an additional 109 shares during the quarter. Baron Wealth Management LLC’s holdings in Emerson Electric were worth $301,000 at the end of the most recent quarter.

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

Emerson Electric Trading Down 0.8 %

NYSE EMR opened at $128.92 on Thursday. The company’s fifty day simple moving average is $127.10 and its 200-day simple moving average is $116.19. The stock has a market cap of $73.42 billion, a P/E ratio of 37.70, a PEG ratio of 2.22 and a beta of 1.35. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85. 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 Increases Dividend

The firm also recently announced 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 represents a $2.11 dividend on an annualized basis and a dividend yield of 1.64%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s payout ratio is presently 61.70%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were 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. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on EMR. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Wells Fargo & Company lowered their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Loop Capital raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft increased their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday. They set an “outperform” rating and a $147.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $136.45.

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.