Brookstone Capital Management raised its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 57.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,833 shares of the industrial products company’s stock after buying an additional 6,855 shares during the period. Brookstone Capital Management’s holdings in Emerson Electric were worth $2,334,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric during the 3rd quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the third quarter worth about $29,000. Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric in the third quarter worth about $33,000. Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric in the third quarter worth about $33,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Emerson Electric in the third quarter worth about $43,000. Institutional investors and hedge funds own 74.30% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have commented on EMR shares. Jefferies Financial Group started coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price for the company. JPMorgan Chase & Co. decreased their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday. Oppenheimer increased their price target 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. BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target for the company. Finally, Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. One investment 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $135.89.
Emerson Electric Price Performance
Shares of EMR opened at $120.75 on Thursday. The firm has a market cap of $68.77 billion, a PE ratio of 35.31, a PEG ratio of 2.19 and a beta of 1.35. The firm’s 50 day moving average price is $127.30 and its 200 day moving average price is $115.01. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85.
Emerson Electric Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a $0.5275 dividend. This is a positive change 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 1.75%. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.
Insider Activity
In other 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 transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.
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