MidAtlantic Capital Management Inc. Makes New $44,000 Investment in Emerson Electric Co. (NYSE:EMR)

MidAtlantic Capital Management Inc. acquired a new position in Emerson Electric Co. (NYSE:EMR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 400 shares of the industrial products company’s stock, valued at approximately $44,000.

A number of other institutional investors and hedge funds have also made changes to their positions in EMR. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric in the 3rd quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new position in shares of Emerson Electric during the first quarter worth $31,000. Meeder Asset Management Inc. lifted its holdings in shares of Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing 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 worth $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric during the third quarter valued at about $33,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 1.9 %

Shares of EMR stock opened at $129.20 on Tuesday. Emerson Electric Co. has a twelve month low of $87.55 and a twelve month high of $131.56. The stock has a market cap of $73.67 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 2.13 and a beta of 1.30. The company’s 50-day moving average price is $111.73 and its 200-day moving average price is $110.16. 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.63%. Emerson Electric’s dividend payout ratio is 61.40%.

Wall Street Analysts Forecast Growth

EMR has been the topic of several research reports. UBS Group assumed coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. Morgan Stanley started 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. Wells Fargo & Company upped their target price on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $130.00.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction dated 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 approximately $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 can be accessed through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

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.