Logan Capital Management Inc. Buys 260 Shares of Emerson Electric Co. (NYSE:EMR)

Logan Capital Management Inc. raised its stake in Emerson Electric Co. (NYSE:EMR) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,770 shares of the industrial products company’s stock after acquiring an additional 260 shares during the quarter. Logan Capital Management Inc.’s holdings in Emerson Electric were worth $5,006,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the third quarter valued at about $25,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric during the third quarter worth approximately $29,000. Meeder Asset Management Inc. raised 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 valued at $33,000 after buying an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC bought a new stake in shares of Emerson Electric in the third quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Emerson Electric during the third quarter worth approximately $33,000. Institutional investors own 74.30% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 completion of the transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.25% of the company’s stock.

Emerson Electric Trading Down 0.7 %

NYSE EMR opened at $130.19 on Friday. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85. 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 firm has a market capitalization of $74.14 billion, a PE ratio of 38.07, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. The business’s 50-day moving average price is $121.54 and its two-hundred day moving average price is $112.68.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 61.70%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. BNP Paribas initiated coverage on Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price for the company. Robert W. Baird increased their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Sunday, December 8th. Wells Fargo & Company upped their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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.