Cornerstone Advisors LLC Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

Cornerstone Advisors LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,000 shares of the industrial products company’s stock after acquiring an additional 1,000 shares during the quarter. Cornerstone Advisors LLC’s holdings in Emerson Electric were worth $4,812,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in Emerson Electric in the third quarter valued at $25,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric in the 3rd quarter worth about $29,000. Transcendent Capital Group LLC acquired a new stake in Emerson Electric in the first quarter worth $31,000. Meeder Asset Management Inc. increased its holdings 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 purchasing an additional 235 shares during the period. Finally, Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated 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. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on EMR. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. KeyCorp boosted their target price on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research 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. BNP Paribas began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. Finally, Royal Bank of Canada cut their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

Emerson Electric Trading Down 0.4 %

Shares of NYSE EMR opened at $129.10 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 1-year low of $87.55 and a 1-year high of $131.56. The company has a market cap of $73.61 billion, a PE ratio of 37.75, a P/E/G ratio of 2.17 and a beta of 1.30. The company has a 50-day moving average of $112.92 and a two-hundred day moving average of $110.45.

Emerson Electric Increases Dividend

The firm 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 $0.5275 dividend. The ex-dividend date is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.63%. 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.