Emerson Electric Co. (NYSE:EMR) Shares Purchased by Camden National Bank

Camden National Bank boosted its position in Emerson Electric Co. (NYSE:EMR) by 29.1% in the 3rd quarter, Holdings Channel reports. The firm owned 2,329 shares of the industrial products company’s stock after acquiring an additional 525 shares during the quarter. Camden National Bank’s holdings in Emerson Electric were worth $255,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EMR. Capital Performance Advisors LLP purchased a new stake in Emerson Electric during the third quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric during the third quarter worth approximately $29,000. Transcendent Capital Group LLC acquired a new position in Emerson Electric during the first quarter worth approximately $31,000. Meeder Asset Management Inc. increased its position in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares during the period. Finally, Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the third quarter worth approximately $33,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.4 %

EMR opened at $130.07 on Friday. The business’s fifty day moving average is $114.02 and its two-hundred day moving average is $110.77. 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 has a market cap of $74.17 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 2.15 and a beta of 1.30. Emerson Electric Co. has a one year low of $87.55 and a one year high of $131.56.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.62%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric’s payout ratio is presently 61.70%.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the company’s 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 sale, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on EMR. KeyCorp lifted their price target on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. UBS Group began coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. Barclays lifted their price target on Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Finally, Wells Fargo & Company boosted their target price on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

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.