Principal Financial Group Inc. Acquires 23,205 Shares of Emerson Electric Co. (NYSE:EMR)

Principal Financial Group Inc. boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 812,976 shares of the industrial products company’s stock after buying an additional 23,205 shares during the quarter. Principal Financial Group Inc.’s holdings in Emerson Electric were worth $88,915,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the third quarter worth approximately $25,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric in the 3rd quarter valued at $29,000. Meeder Asset Management Inc. raised its stake in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric in the third quarter valued at $33,000. Finally, Frazier Financial Advisors LLC bought a new stake in Emerson Electric during the third quarter valued at $33,000. Institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EMR shares. Wells Fargo & Company boosted their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Robert W. Baird increased their price target on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. BNP Paribas initiated coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target for the company. Deutsche Bank Aktiengesellschaft raised their target price on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Sunday, December 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.58.

Emerson Electric Stock Up 1.4 %

Shares of NYSE:EMR opened at $124.09 on Friday. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The company has a market capitalization of $70.67 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. The business has a fifty day moving average price of $122.97 and a two-hundred day moving average price of $113.22. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) 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.