Ashton Thomas Securities LLC Invests $111,000 in Emerson Electric Co. (NYSE:EMR)

Ashton Thomas Securities LLC bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,015 shares of the industrial products company’s stock, valued at approximately $111,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric in the third quarter worth about $25,000. Transcendent Capital Group LLC purchased a new position in Emerson Electric in the 1st quarter worth approximately $31,000. Meeder Asset Management Inc. grew its position in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric during the third quarter worth $33,000. Finally, Versant Capital Management Inc boosted its stake in shares of Emerson Electric by 471.9% in the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 269 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $128.42 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $108.87 and its two-hundred day moving average price is $109.43. Emerson Electric Co. has a 52-week low of $85.91 and a 52-week high of $130.30. The stock has a market capitalization of $73.55 billion, a P/E ratio of 37.55, a P/E/G ratio of 2.13 and a beta of 1.30.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.64%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is currently 61.70%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EMR. Royal Bank of Canada cut their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. KeyCorp lifted their price objective on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price target for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.65.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.25% of the stock is owned by company insiders.

About Emerson Electric

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.