1,923 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC bought a new stake 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 firm bought 1,923 shares of the industrial products company’s stock, valued at approximately $210,000.

Several other institutional investors also recently modified their holdings of EMR. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $25,000. Transcendent Capital Group LLC bought a new position in Emerson Electric during the first quarter worth about $31,000. Meeder Asset Management Inc. increased its stake in shares of Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in Emerson Electric during the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Transactions at Emerson Electric

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EMR. BNP Paribas started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target for the company. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target on the stock. Oppenheimer increased their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Royal Bank of Canada cut their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, Barclays raised their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. 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 company’s stock. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Emerson Electric Trading Up 1.9 %

Shares of NYSE:EMR opened at $129.20 on Tuesday. The company has a market capitalization of $73.67 billion, a P/E ratio of 37.78, a P/E/G ratio of 2.13 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $87.55 and a 1 year high of $131.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The business’s 50 day simple moving average is $111.73 and its 200 day simple moving average is $110.16.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.63%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio is currently 61.40%.

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.