Blackhawk Capital Partners LLC. Acquires 870 Shares of Emerson Electric Co. (NYSE:EMR)

Blackhawk Capital Partners LLC. raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 7.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,819 shares of the industrial products company’s stock after acquiring an additional 870 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Emerson Electric were worth $1,293,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Emerson Electric in the third quarter worth about $25,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the third quarter valued at approximately $29,000. Transcendent Capital Group LLC bought a new position in Emerson Electric in the first quarter worth $31,000. Frazier Financial Advisors LLC purchased a new position in Emerson Electric during the third quarter valued at $33,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Emerson Electric by 361.5% during 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. 74.30% of the stock is currently owned by institutional investors.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is owned by insiders.

Emerson Electric Price Performance

EMR stock opened at $129.10 on Thursday. The business has a 50 day simple moving average of $112.92 and a 200-day simple moving average of $110.45. The firm has a market capitalization of $73.61 billion, a PE ratio of 37.75, a price-to-earnings-growth ratio of 2.17 and a beta of 1.30. 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 $87.55 and a 1 year high of $131.56.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.63%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Wall Street Analysts Forecast Growth

EMR has been the topic of several analyst reports. Barclays upped their price objective on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, Wells Fargo & Company upped their target price on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.00.

About Emerson Electric

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.