Fifth Third Wealth Advisors LLC Boosts Stock Position in Emerson Electric Co. (NYSE:EMR)

Fifth Third Wealth Advisors LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,711 shares of the industrial products company’s stock after buying an additional 299 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Emerson Electric were worth $1,451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pines Wealth Management LLC purchased a new stake in shares of Emerson Electric during the 4th quarter valued at approximately $204,000. SeaCrest Wealth Management LLC increased its stake in Emerson Electric by 6.2% during the fourth quarter. SeaCrest Wealth Management LLC now owns 11,086 shares of the industrial products company’s stock worth $1,374,000 after acquiring an additional 651 shares during the last quarter. Mayfair Advisory Group LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $239,000. 180 Wealth Advisors LLC grew its holdings in shares of 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 purchasing an additional 388 shares during the period. Finally, Marcum Wealth LLC raised its holdings in Emerson Electric by 10.8% in the 4th quarter. Marcum Wealth LLC now owns 5,642 shares of the industrial products company’s stock valued at $699,000 after buying an additional 550 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

EMR has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Barclays lifted their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. UBS Group initiated coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Finally, Loop Capital increased their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.89.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is currently owned by insiders.

Emerson Electric Stock Performance

Shares of EMR opened at $120.75 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week high of $134.85. The stock has a 50 day moving average price of $127.30 and a 200 day moving average price of $115.01. The company has a market capitalization of $68.77 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35.

Emerson Electric Increases Dividend

The business also recently declared 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 positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.75%. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 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.