Janney Montgomery Scott LLC Increases Holdings in Emerson Electric Co. (NYSE:EMR)

Janney Montgomery Scott LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 647,977 shares of the industrial products company’s stock after acquiring an additional 18,623 shares during the period. Janney Montgomery Scott LLC’s holdings in Emerson Electric were worth $80,304,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Sei Investments Co. lifted its position in shares of Emerson Electric by 8.4% in the second quarter. Sei Investments Co. now owns 263,161 shares of the industrial products company’s stock worth $28,985,000 after buying an additional 20,332 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Emerson Electric by 1.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 29,956 shares of the industrial products company’s stock valued at $3,301,000 after acquiring an additional 347 shares during the last quarter. Ensign Peak Advisors Inc grew its holdings in shares of Emerson Electric by 4.9% in the second quarter. Ensign Peak Advisors Inc now owns 53,718 shares of the industrial products company’s stock valued at $5,918,000 after purchasing an additional 2,485 shares in the last quarter. Gabelli Funds LLC increased its position in Emerson Electric by 1.9% in the second quarter. Gabelli Funds LLC now owns 5,380 shares of the industrial products company’s stock worth $593,000 after purchasing an additional 100 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Emerson Electric by 75.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,613 shares of the industrial products company’s stock worth $306,000 after buying an additional 1,126 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EMR. BNP Paribas initiated 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. Wells Fargo & Company dropped their target price on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. KeyCorp raised their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Trading Up 0.4 %

NYSE EMR opened at $130.02 on Thursday. The firm has a market cap of $74.05 billion, a PE ratio of 38.02, a price-to-earnings-growth ratio of 2.21 and a beta of 1.35. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average price of $126.98 and a 200 day moving average price of $115.55.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. Emerson Electric’s dividend payout ratio (DPR) is presently 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.