Relyea Zuckerberg Hanson LLC Has $914,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

Relyea Zuckerberg Hanson LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 39.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,377 shares of the industrial products company’s stock after purchasing an additional 2,093 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Emerson Electric were worth $914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in Emerson Electric during the 3rd quarter worth $25,000. Darwin Wealth Management LLC bought a new position in Emerson Electric in the third quarter valued at about $29,000. Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric in the third quarter worth about $33,000. Frazier Financial Advisors LLC bought a new stake in shares of Emerson Electric during the 3rd quarter valued at approximately $33,000. Finally, Catalyst Capital Advisors LLC bought a new position in Emerson Electric in the 3rd quarter valued at approximately $43,000. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EMR. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Barclays lifted their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Jefferies Financial Group began coverage on Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price for the company. 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. Finally, Robert W. Baird lifted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Price Performance

NYSE:EMR traded up $1.02 during trading hours on Friday, hitting $124.31. 496,642 shares of the company’s stock traded hands, compared to its average volume of 2,251,542. The firm has a market cap of $70.80 billion, a P/E ratio of 36.34, a P/E/G ratio of 1.98 and a beta of 1.35. 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 business’s fifty day simple moving average is $127.18 and its two-hundred day simple moving average is $115.05. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of the company’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 completion of the sale, the senior vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is currently owned by corporate insiders.

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.