CWA Asset Management Group LLC Buys New Stake in Emerson Electric Co. (NYSE:EMR)

CWA Asset Management Group LLC purchased a new position in Emerson Electric Co. (NYSE:EMR) in the third quarter, HoldingsChannel.com reports. The fund purchased 3,998 shares of the industrial products company’s stock, valued at approximately $437,000.

Other large investors have also made changes to their positions in the company. Thrive Wealth Management LLC grew its holdings in shares of Emerson Electric by 4.1% during the second quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after buying an additional 91 shares in the last quarter. LCM Capital Management Inc lifted its stake in shares of Emerson Electric by 1.4% during the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock worth $748,000 after purchasing an additional 91 shares during the period. Sabal Trust CO boosted its holdings in shares of Emerson Electric by 2.2% during the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock worth $475,000 after purchasing an additional 93 shares during the last quarter. Catalyst Financial Partners LLC grew its position in shares of Emerson Electric by 3.7% in the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 94 shares during the period. Finally, Unison Advisors LLC lifted its position in Emerson Electric by 0.5% during the second quarter. Unison Advisors LLC now owns 21,016 shares of the industrial products company’s stock worth $2,315,000 after buying an additional 96 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Wells Fargo & Company increased their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Morgan Stanley started coverage on Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted their target price on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $127.65.

Emerson Electric Price Performance

EMR opened at $129.20 on Tuesday. Emerson Electric Co. has a twelve month low of $85.91 and a twelve month high of $130.00. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. The firm has a market cap of $73.99 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 2.13 and a beta of 1.30. The company has a fifty day simple moving average of $108.39 and a 200 day simple moving average of $109.30.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.63%. Emerson Electric’s payout ratio is 61.70%.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction that occurred 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by company 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.