Frazier Financial Advisors LLC Invests $33,000 in Emerson Electric Co. (NYSE:EMR)

Frazier Financial Advisors LLC bought a new position in Emerson Electric Co. (NYSE:EMR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 297 shares of the industrial products company’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EMR. TIAA Trust National Association lifted its position in Emerson Electric by 2.4% during the 1st quarter. TIAA Trust National Association now owns 31,140 shares of the industrial products company’s stock worth $3,532,000 after buying an additional 735 shares in the last quarter. Patten & Patten Inc. TN lifted its position in Emerson Electric by 20.3% during the 1st quarter. Patten & Patten Inc. TN now owns 12,214 shares of the industrial products company’s stock worth $1,385,000 after buying an additional 2,057 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Emerson Electric during the 1st quarter worth about $311,000. Peninsula Asset Management Inc. lifted its position in Emerson Electric by 19.5% during the 1st quarter. Peninsula Asset Management Inc. now owns 44,250 shares of the industrial products company’s stock worth $5,019,000 after buying an additional 7,209 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. lifted its position in Emerson Electric by 2.2% during the 1st quarter. Penobscot Investment Management Company Inc. now owns 24,851 shares of the industrial products company’s stock worth $2,819,000 after buying an additional 536 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction 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 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 SEC, which is available through this hyperlink. 0.25% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EMR has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their target price for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Barclays upped their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. BNP Paribas began coverage on shares of Emerson Electric in a research report on Wednesday. They set an “outperform” rating and a $155.00 target price on the stock. Finally, Robert W. Baird increased their price target 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric Price Performance

Shares of EMR opened at $126.78 on Friday. The stock has a market capitalization of $72.29 billion, a P/E ratio of 37.07, a P/E/G ratio of 2.13 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $87.17 and a twelve month high of $131.56. The company has a 50 day moving average of $111.14 and a 200-day moving average of $109.98. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a $0.5275 dividend. The ex-dividend date is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. Emerson Electric’s dividend payout ratio (DPR) is currently 61.40%.

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.