Fortem Financial Group LLC Buys 2,836 Shares of Emerson Electric Co. (NYSE:EMR)

Fortem Financial Group LLC increased its stake in Emerson Electric Co. (NYSE:EMR) by 13.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,223 shares of the industrial products company’s stock after purchasing an additional 2,836 shares during the quarter. Emerson Electric makes up approximately 1.1% of Fortem Financial Group LLC’s portfolio, making the stock its 25th biggest holding. Fortem Financial Group LLC’s holdings in Emerson Electric were worth $2,649,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. M&G Plc bought a new stake in shares of Emerson Electric in the second quarter valued at approximately $3,242,000. Great Valley Advisor Group Inc. raised its holdings in Emerson Electric by 11.6% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 18,834 shares of the industrial products company’s stock valued at $2,075,000 after acquiring an additional 1,960 shares during the period. ORG Partners LLC raised its stake in shares of Emerson Electric by 28,589.5% during the 2nd quarter. ORG Partners LLC now owns 5,451 shares of the industrial products company’s stock valued at $589,000 after purchasing an additional 5,432 shares during the period. Baader Bank Aktiengesellschaft raised its stake in shares of Emerson Electric by 3.7% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 6,302 shares of the industrial products company’s stock valued at $690,000 after purchasing an additional 222 shares during the period. Finally, Brown Lisle Cummings Inc. raised its stake in shares of Emerson Electric by 24.5% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 5,570 shares of the industrial products company’s stock valued at $614,000 after purchasing an additional 1,095 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EMR shares. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Sunday. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Loop Capital increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Finally, Morgan Stanley initiated coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.17.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.25% of the company’s stock.

Emerson Electric Stock Down 1.0 %

Shares of NYSE:EMR opened at $129.18 on Wednesday. The stock’s 50-day moving average price is $119.93 and its 200-day moving average price is $112.19. 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 12-month low of $89.17 and a 12-month high of $134.85. The stock has a market capitalization of $73.57 billion, a P/E ratio of 37.77, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34.

Emerson Electric Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.63%. Emerson Electric’s dividend payout ratio (DPR) is currently 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.