Buffington Mohr McNeal Raises Stock Position in Emerson Electric Co. (NYSE:EMR)

Buffington Mohr McNeal increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 45.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,932 shares of the industrial products company’s stock after purchasing an additional 910 shares during the period. Buffington Mohr McNeal’s holdings in Emerson Electric were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in EMR. State Street Corp grew its stake in shares of Emerson Electric by 6.2% in the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after buying an additional 1,507,980 shares in the last quarter. 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 during the last quarter. Geode Capital Management LLC raised its position in shares of Emerson Electric by 1.4% in the 3rd 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 grew its position in shares of Emerson Electric by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock worth $871,083,000 after buying an additional 375,470 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after acquiring an additional 2,016,075 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EMR has been the subject of several recent research reports. Robert W. Baird upped their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. JPMorgan Chase & Co. cut their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. BNP Paribas initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target for the company. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. Finally, KeyCorp raised their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $128.89 on Tuesday. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month 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 market cap of $73.41 billion, a P/E ratio of 37.69, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company’s fifty day moving average is $127.10 and its two-hundred day moving average is $115.98.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.64%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio is 61.70%.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

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.