Ibex Wealth Advisors Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Ibex Wealth Advisors bought a new position in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 27,288 shares of the industrial products company’s stock, valued at approximately $3,382,000.

Several other institutional investors have also recently made changes to their positions in EMR. Pathway Financial Advisers LLC boosted its stake in shares of Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after purchasing an additional 2,051,764 shares during the period. Van ECK Associates Corp increased its holdings in Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after purchasing an additional 2,016,075 shares during the period. State Street Corp grew its stake in Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after acquiring an additional 1,507,980 shares during the period. Swedbank AB grew its holdings in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the period. Finally, Perpetual Ltd lifted its position in Emerson Electric by 57,336.1% during the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock valued at $131,918,000 after buying an additional 1,204,058 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE EMR traded down $0.22 during trading hours on Wednesday, reaching $129.78. The stock had a trading volume of 125,927 shares, compared to its average volume of 2,812,572. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The business’s fifty day moving average is $127.10 and its two-hundred day moving average is $116.19. The company has a market cap of $73.91 billion, a price-to-earnings ratio of 38.00, a PEG ratio of 2.22 and a beta of 1.35.

Emerson Electric Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have commented on the company. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. UBS Group started coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. Barclays raised their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Daiwa Capital Markets assumed coverage on Emerson Electric in a research note on Tuesday. They set an “outperform” rating and a $147.00 target price for the company. Finally, BNP Paribas initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.45.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on 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 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. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

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.