Talbot Financial LLC Grows Position in Emerson Electric Co. (NYSE:EMR)

Talbot Financial LLC grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,391 shares of the industrial products company’s stock after buying an additional 508 shares during the period. Talbot Financial LLC’s holdings in Emerson Electric were worth $9,591,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB grew its position in shares of Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after purchasing an additional 30,741 shares during the period. Geode Capital Management LLC boosted its holdings in Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after acquiring an additional 162,985 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Emerson Electric by 17.0% during the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock worth $152,359,000 after purchasing an additional 194,944 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of Emerson Electric by 8.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock worth $7,578,000 after purchasing an additional 5,416 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Emerson Electric by 130.0% during the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after purchasing an additional 5,393 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on EMR shares. BNP Paribas initiated coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective on the stock. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. 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 report on Tuesday, January 7th. Finally, StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. One 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. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $134.84.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s 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 sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was 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 hyperlink. Insiders own 0.50% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE:EMR traded up $0.16 on Monday, reaching $118.10. 1,012,184 shares of the company traded hands, compared to its average volume of 2,233,008. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The company’s 50 day moving average is $127.08 and its 200-day moving average is $114.87. The stock has a market capitalization of $67.26 billion, a PE ratio of 34.53, a P/E/G ratio of 2.19 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is 61.70%.

Emerson Electric Company 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.