Prospera Private Wealth LLC Invests $117,000 in Emerson Electric Co. (NYSE:EMR)

by · The Cerbat Gem

Prospera Private Wealth LLC bought a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,067 shares of the industrial products company’s stock, valued at approximately $117,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric during the third quarter valued at approximately $25,000. Transcendent Capital Group LLC bought a new stake in Emerson Electric in the 1st quarter valued at $31,000. Meeder Asset Management Inc. raised its stake in shares of Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter valued at about $33,000. Finally, Frazier Financial Advisors LLC bought a new stake in Emerson Electric in the third quarter valued at about $33,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Down 0.6 %

Shares of EMR opened at $128.38 on Friday. The stock’s fifty day simple moving average is $113.46 and its 200-day simple moving average is $110.58. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $73.20 billion, a PE ratio of 37.54, a price-to-earnings-growth ratio of 2.17 and a beta of 1.30. Emerson Electric Co. has a 12-month low of $87.55 and a 12-month high of $131.56.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.5275 dividend. 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 1.64%. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio is currently 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 on Wednesday, November 6th. The stock was 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 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft upped their price target on 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 price objective on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Royal Bank of Canada dropped their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, BNP Paribas initiated 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 on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.00.

Check Out Our Latest Analysis on EMR

Emerson Electric Company Profile

(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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