Truvestments Capital LLC Increases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Truvestments Capital LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 23,543 shares of the industrial products company’s stock after buying an additional 608 shares during the quarter. Truvestments Capital LLC’s holdings in Emerson Electric were worth $2,575,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EMR. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric in the 3rd quarter worth about $25,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric during the third quarter valued at approximately $29,000. Meeder Asset Management Inc. grew its stake in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC bought a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $33,000. Finally, Frazier Financial Advisors LLC purchased a new position in Emerson Electric during the 3rd quarter valued at $33,000. 74.30% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now directly 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 sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on EMR. Barclays lifted their target price 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. UBS Group started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. Finally, StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

Emerson Electric Stock Up 0.7 %

Shares of Emerson Electric stock opened at $130.94 on Monday. 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 company has a market cap of $74.66 billion, a P/E ratio of 38.03, a PEG ratio of 2.18 and a beta of 1.30. The firm’s 50 day moving average price is $114.02 and its 200-day moving average price is $110.75. Emerson Electric Co. has a 52-week low of $87.55 and a 52-week high of $131.56.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.5275 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.61%. The ex-dividend date is Friday, November 15th. Emerson Electric’s payout ratio is currently 61.70%.

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.