Acropolis Investment Management LLC Acquires 107 Shares of Emerson Electric Co. (NYSE:EMR)

Acropolis Investment Management LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 2.0% during the third quarter, Holdings Channel reports. The fund owned 5,399 shares of the industrial products company’s stock after purchasing an additional 107 shares during the period. Acropolis Investment Management LLC’s holdings in Emerson Electric were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric during the 3rd quarter worth about $25,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the third quarter worth approximately $29,000. Frazier Financial Advisors LLC bought a new position in shares of Emerson Electric during the third quarter worth approximately $33,000. Meeder Asset Management Inc. lifted its holdings in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares during the last quarter. Finally, Morton Brown Family Wealth LLC bought a new stake in Emerson Electric in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the subject of a number of recent research reports. Morgan Stanley assumed coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. 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 target price on the stock. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Finally, KeyCorp increased their target price on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Trading Up 0.0 %

Shares of Emerson Electric stock opened at $132.62 on Friday. The firm has a market capitalization of $75.62 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30. 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 moving average is $116.88 and its 200 day moving average is $111.42. Emerson Electric Co. has a 1 year low of $87.59 and a 1 year high of $134.17.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.59%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

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.