Wahed Invest LLC Purchases 1,151 Shares of Emerson Electric Co. (NYSE:EMR)

Wahed Invest LLC lifted its position in Emerson Electric Co. (NYSE:EMR) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,620 shares of the industrial products company’s stock after buying an additional 1,151 shares during the period. Wahed Invest LLC’s holdings in Emerson Electric were worth $1,490,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in Emerson Electric during the 3rd quarter worth about $25,000. Darwin Wealth Management LLC bought a new position in Emerson Electric during the 3rd quarter worth about $29,000. Frazier Financial Advisors LLC bought a new position in Emerson Electric during the 3rd quarter worth about $33,000. Meeder Asset Management Inc. increased its holdings in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares in the last quarter. Finally, Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth about $33,000. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. KeyCorp increased their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada lowered their price target 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. One investment analyst has rated the stock with a sell rating, six have assigned 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 $132.17.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Trading Down 0.9 %

EMR opened at $133.16 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average price of $119.07 and a two-hundred day moving average price of $111.98. The company has a market cap of $75.84 billion, a P/E ratio of 38.94, a price-to-earnings-growth ratio of 2.24 and a beta of 1.34. Emerson Electric Co. has a 1-year low of $87.59 and a 1-year high of $134.85.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.58%. This is a boost 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%.

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.