Mediolanum International Funds Ltd Buys New Holdings in Emerson Electric Co. (NYSE:EMR)

Mediolanum International Funds Ltd purchased a new stake in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 81,378 shares of the industrial products company’s stock, valued at approximately $10,087,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric in the fourth quarter valued at about $27,000. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric during the 3rd quarter worth approximately $29,000. Frazier Financial Advisors LLC acquired a new stake in Emerson Electric in the 3rd quarter valued at $33,000. Finally, Morton Brown Family Wealth LLC bought a new stake in Emerson Electric in the third quarter valued at $33,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

Shares of EMR stock opened at $129.85 on Friday. The firm’s 50 day moving average price is $127.14 and its two-hundred day moving average price is $116.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The stock has a market cap of $73.95 billion, a PE ratio of 37.97, a PEG ratio of 2.20 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.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.62%. 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 currently 61.70%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EMR. JPMorgan Chase & Co. reduced their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday. They issued an “outperform” rating and a $147.00 target price for the company. Wells Fargo & Company dropped their price target 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, BNP Paribas assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.45.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the 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 $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.50% of the company’s stock.

Emerson Electric 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.