SeaCrest Wealth Management LLC Has $1.37 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

SeaCrest Wealth Management LLC grew its position in Emerson Electric Co. (NYSE:EMR) by 6.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,086 shares of the industrial products company’s stock after acquiring an additional 651 shares during the period. SeaCrest Wealth Management LLC’s holdings in Emerson Electric were worth $1,374,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mayfair Advisory Group LLC bought a new stake in Emerson Electric in the 4th quarter valued at $239,000. 180 Wealth Advisors LLC lifted its position in Emerson Electric by 1.5% during the 4th quarter. 180 Wealth Advisors LLC now owns 26,646 shares of the industrial products company’s stock worth $3,302,000 after buying an additional 388 shares in the last quarter. Marcum Wealth LLC lifted its position in Emerson Electric by 10.8% during the 4th quarter. Marcum Wealth LLC now owns 5,642 shares of the industrial products company’s stock worth $699,000 after buying an additional 550 shares in the last quarter. Traveka Wealth LLC raised its holdings in shares of Emerson Electric by 210.7% in the 4th quarter. Traveka Wealth LLC now owns 7,695 shares of the industrial products company’s stock valued at $954,000 after purchasing an additional 5,218 shares during the period. Finally, PFW Advisors LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at about $2,599,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the topic of several research analyst reports. BNP Paribas assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. Jefferies Financial Group assumed coverage on Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Loop Capital boosted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, KeyCorp boosted their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.89.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated 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. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.50% of the company’s stock.

Emerson Electric Trading Up 0.8 %

Shares of Emerson Electric stock opened at $120.75 on Thursday. The company’s fifty day simple moving average is $127.30 and its 200-day simple moving average is $115.01. The stock has a market capitalization of $68.77 billion, a PE ratio of 35.31, a P/E/G ratio of 2.19 and a beta of 1.35. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a dividend of $0.5275 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. 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 1.75%. Emerson Electric’s payout ratio is 61.70%.

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.