Sunbelt Securities Inc. Has $508,000 Holdings in Emerson Electric Co. (NYSE:EMR)

Sunbelt Securities Inc. lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,640 shares of the industrial products company’s stock after purchasing an additional 147 shares during the period. Sunbelt Securities Inc.’s holdings in Emerson Electric were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in Emerson Electric in the 3rd quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter worth $29,000. Meeder Asset Management Inc. increased its position in shares of Emerson Electric by 361.5% in the second 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 during the period. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric during the third quarter worth about $33,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Emerson Electric during the third quarter worth about $33,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Up 0.2 %

Shares of Emerson Electric stock opened at $131.16 on Friday. The stock has a market capitalization of $74.70 billion, a PE ratio of 38.27, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. Emerson Electric Co. has a 52 week low of $90.66 and a 52 week high of $134.85. The stock has a 50 day moving average price of $120.74 and a two-hundred day moving average price of $112.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.61%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the 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 in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EMR has been the topic of a number of recent analyst reports. Barclays lifted their price objective 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. UBS Group began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Loop Capital raised their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.58.

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.