Mitchell & Pahl Private Wealth LLC Acquires 816 Shares of Emerson Electric Co. (NYSE:EMR)

Mitchell & Pahl Private Wealth LLC lifted its stake in Emerson Electric Co. (NYSE:EMRFree Report) by 4.3% in the 4th quarter, HoldingsChannel reports. The firm owned 19,824 shares of the industrial products company’s stock after acquiring an additional 816 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Emerson Electric were worth $2,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Emerson Electric by 6.2% in the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after buying an additional 1,507,980 shares during the period. Wellington Management Group LLP raised its stake in Emerson Electric by 4.2% during the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock worth $1,591,612,000 after acquiring an additional 581,102 shares during the period. Geode Capital Management LLC lifted its holdings in Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after purchasing an additional 162,985 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Emerson Electric by 5.7% in the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock worth $871,083,000 after purchasing an additional 375,470 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Emerson Electric by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock valued at $496,877,000 after purchasing an additional 224,784 shares during the period. 74.30% of the stock is owned by institutional investors.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on EMR. Loop Capital increased their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Robert W. Baird increased their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. Finally, Oppenheimer upped their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.89.

Get Our Latest Report on Emerson Electric

Emerson Electric Trading Up 1.1 %

EMR opened at $124.65 on Tuesday. The stock has a 50-day moving average of $127.05 and a 200 day moving average of $115.31. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85. The firm has a market cap of $70.99 billion, a P/E ratio of 36.45, a P/E/G ratio of 2.12 and a beta of 1.35.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. 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 1.69%. Emerson Electric’s payout ratio is 61.70%.

About Emerson Electric

(Free Report)

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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