Geneos Wealth Management Inc. Buys 869 Shares of Emerson Electric Co. (NYSE:EMR)

Geneos Wealth Management Inc. increased its position in Emerson Electric Co. (NYSE:EMR) by 1.9% during the 4th quarter, Holdings Channel reports. The firm owned 45,892 shares of the industrial products company’s stock after acquiring an additional 869 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Emerson Electric were worth $5,687,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of EMR. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric in the third quarter valued at about $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at about $27,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter worth approximately $29,000. Morton Brown Family Wealth LLC purchased a new position in Emerson Electric during the third quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC bought a new position in Emerson Electric in the third quarter worth approximately $33,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Down 0.4 %

NYSE EMR opened at $130.62 on Friday. The company has a fifty day moving average of $127.10 and a 200 day moving average of $115.91. The company has a market capitalization of $74.39 billion, a PE ratio of 38.19, a P/E/G ratio of 2.22 and a beta of 1.35. 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 Co. has a 1 year low of $91.64 and a 1 year high of $134.85.

Emerson Electric Increases Dividend

The business also recently announced 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 annualized dividend and a yield of 1.62%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s 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 directly owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

EMR has been the topic of a number of analyst reports. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Robert W. Baird lifted their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. UBS Group started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target on the stock. Loop Capital boosted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Wells Fargo & Company cut their price target on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.89.

Emerson Electric Company 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.