Emerson Electric Co. (NYSE:EMR) Shares Bought by Occidental Asset Management LLC

Occidental Asset Management LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,515 shares of the industrial products company’s stock after buying an additional 2,310 shares during the quarter. Occidental Asset Management LLC’s holdings in Emerson Electric were worth $4,401,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of EMR. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the third quarter valued at $25,000. Darwin Wealth Management LLC bought a new position in Emerson Electric during the third quarter valued at approximately $29,000. Frazier Financial Advisors LLC bought a new stake in Emerson Electric in the third quarter worth approximately $33,000. Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth $33,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Emerson Electric during the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the topic of several analyst reports. UBS Group began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. Loop Capital raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Robert W. Baird increased their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Jefferies Financial Group started coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $135.89.

Emerson Electric Trading Up 2.1 %

Shares of EMR opened at $123.32 on Friday. The stock’s fifty day simple moving average is $127.18 and its 200-day simple moving average is $115.05. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $70.23 billion, a PE ratio of 36.06, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85.

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 given a dividend of $0.5275 per share. This is a boost 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 1.71%. Emerson Electric’s payout ratio is currently 61.70%.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction 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 transaction, the senior vice president now 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. 0.50% of the stock is currently owned by company insiders.

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.