Emerson Electric Co. (NYSE:EMR) Stock Holdings Raised by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC increased its position in Emerson Electric Co. (NYSE:EMR) by 16.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,904 shares of the industrial products company’s stock after purchasing an additional 1,245 shares during the period. Douglas Lane & Associates LLC’s holdings in Emerson Electric were worth $1,103,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EMR. State Street Corp grew its position in shares of 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 in the last quarter. Wellington Management Group LLP boosted its holdings in Emerson Electric by 4.2% in the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock worth $1,591,612,000 after purchasing an additional 581,102 shares during the period. Geode Capital Management LLC increased its stake 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 during the last quarter. Nordea Investment Management AB lifted its position in shares of Emerson Electric by 5.7% in the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock worth $871,083,000 after buying an additional 375,470 shares during the last quarter. Finally, Newport Trust Company LLC bought a new stake in shares of Emerson Electric during the 2nd quarter valued at about $574,908,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

EMR opened at $120.45 on Thursday. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85. The company has a market capitalization of $68.60 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. The business has a 50 day moving average price of $126.66 and a two-hundred day moving average price of $114.66. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.75%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Analyst Ratings Changes

A number of brokerages have issued reports on EMR. Robert W. Baird raised their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Loop Capital upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Wells Fargo & Company cut their target price on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday. Oppenheimer upped 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. Finally, BNP Paribas started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.84.

Insiders Place Their Bets

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. The trade was a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.50% of the stock is owned by company insiders.

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.