Janney Montgomery Scott LLC Buys 18,623 Shares of Emerson Electric Co. (NYSE:EMR)

Janney Montgomery Scott LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 647,977 shares of the industrial products company’s stock after purchasing an additional 18,623 shares during the period. Janney Montgomery Scott LLC owned 0.11% of Emerson Electric worth $80,304,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EMR. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric during the third quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $27,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the third quarter worth about $29,000. Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric during the third quarter worth about $33,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Emerson Electric in the third quarter worth about $33,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 0.4 %

EMR stock opened at $130.02 on Thursday. The company has a market cap of $74.05 billion, a price-to-earnings ratio of 38.02, a P/E/G ratio of 2.21 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The business’s 50-day moving average is $126.98 and its two-hundred day moving average is $115.55. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.62%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s payout ratio is 61.70%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Loop Capital raised their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. BNP Paribas assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective for the company. Wells Fargo & Company lowered their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, Oppenheimer boosted 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.89.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred on 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 completion of the sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

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.