Union Bancaire Privee UBP SA Buys New Stake in Emerson Electric Co. (NYSE:EMR)

Union Bancaire Privee UBP SA purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, Holdings Channel reports. The fund purchased 15,532 shares of the industrial products company’s stock, valued at approximately $1,843,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric during the 4th quarter worth about $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric during the third quarter worth about $25,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric in the third quarter valued at approximately $29,000. Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric in the third quarter valued at approximately $33,000. Finally, Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric during the 3rd quarter worth approximately $33,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.50% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR opened at $128.89 on Tuesday. The company’s 50 day simple moving average is $127.10 and its 200-day simple moving average is $115.98. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85. The firm has a market cap of $73.41 billion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. 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 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. The ex-dividend date was Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.64%. Emerson Electric’s payout ratio is currently 61.70%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Jefferies Financial Group started coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. Wells Fargo & Company lowered their price objective on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lifted their price target 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 price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, UBS Group started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $135.89.

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.