Occidental Asset Management LLC Has $4.40 Million Position in Emerson Electric Co. (NYSE:EMR)

Occidental Asset Management LLC grew its position in Emerson Electric Co. (NYSE:EMR) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,515 shares of the industrial products company’s stock after purchasing an additional 2,310 shares during the period. Occidental Asset Management LLC’s holdings in Emerson Electric were worth $4,401,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after acquiring an additional 1,507,980 shares during the period. Wellington Management Group LLP increased its holdings in Emerson Electric by 4.2% during the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock worth $1,591,612,000 after purchasing an additional 581,102 shares in the last quarter. Geode Capital Management LLC grew its stake 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 purchasing an additional 162,985 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Emerson Electric by 5.7% during the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock worth $871,083,000 after purchasing an additional 375,470 shares in the last quarter. Finally, Newport Trust Company LLC acquired a new stake in shares of Emerson Electric in the 2nd quarter valued at approximately $574,908,000. 74.30% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Stock Performance

NYSE EMR opened at $123.32 on Friday. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The firm has a market capitalization of $70.23 billion, a price-to-earnings ratio of 36.06, a P/E/G ratio of 1.98 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. The firm’s 50 day simple moving average is $127.18 and its 200 day simple moving average is $115.05.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.71%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is 61.70%.

Analysts Set New Price Targets

Several research firms have issued reports on EMR. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Oppenheimer lifted their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Royal Bank of Canada dropped their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Barclays lifted their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Jefferies Financial Group initiated coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.89.

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.