Secure Asset Management LLC Acquires Shares of 16,446 Emerson Electric Co. (NYSE:EMR)

Secure Asset Management LLC purchased a new position in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,446 shares of the industrial products company’s stock, valued at approximately $2,038,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its position in Emerson Electric by 1.2% in the second quarter. Thrivent Financial for Lutherans now owns 29,956 shares of the industrial products company’s stock valued at $3,301,000 after purchasing an additional 347 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in Emerson Electric by 4.9% in the second quarter. Ensign Peak Advisors Inc now owns 53,718 shares of the industrial products company’s stock valued at $5,918,000 after acquiring an additional 2,485 shares during the period. Gabelli Funds LLC lifted its stake in shares of Emerson Electric by 1.9% in the second quarter. Gabelli Funds LLC now owns 5,380 shares of the industrial products company’s stock valued at $593,000 after buying an additional 100 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in Emerson Electric by 74.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 22,077 shares of the industrial products company’s stock worth $2,432,000 after purchasing an additional 9,443 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in shares of Emerson Electric by 5.1% in the second quarter. Evergreen Capital Management LLC now owns 5,058 shares of the industrial products company’s stock valued at $557,000 after purchasing an additional 244 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR opened at $131.20 on Friday. 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 company’s fifty day moving average is $126.98 and its two-hundred day moving average is $115.65. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The stock has a market capitalization of $74.72 billion, a P/E ratio of 38.36, a P/E/G ratio of 2.21 and a beta of 1.35.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a dividend of $0.5275 per share. 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 1.61%. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Wall Street Analysts Forecast Growth

EMR has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company reduced their target price on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Loop Capital lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Oppenheimer upped their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, UBS Group began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $135.89.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.50% of the company’s stock.

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.