Somerset Trust Co Acquires 443 Shares of Emerson Electric Co. (NYSE:EMR)

Somerset Trust Co boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,092 shares of the industrial products company’s stock after acquiring an additional 443 shares during the quarter. Somerset Trust Co’s holdings in Emerson Electric were worth $3,234,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric during the third quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric during the 3rd quarter worth $29,000. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric during the 3rd quarter valued at $33,000. Frazier Financial Advisors LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter worth $33,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Emerson Electric during the third quarter valued at $43,000. Institutional investors own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm’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 $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on EMR. Oppenheimer upped their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Loop Capital increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Robert W. Baird increased their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, KeyCorp boosted their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $135.89.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $124.65 on Friday. Emerson Electric Co. has a twelve month low of $91.64 and a twelve 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 company has a market cap of $70.99 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. The company’s 50 day moving average is $127.10 and its 200 day moving average is $115.11.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is 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.