Mission Creek Capital Partners Inc. Raises Stock Position in Emerson Electric Co. (NYSE:EMR)

Mission Creek Capital Partners Inc. grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,280 shares of the industrial products company’s stock after purchasing an additional 101 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Emerson Electric were worth $2,656,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EMR. Kingswood Wealth Advisors LLC grew its stake in Emerson Electric by 5.7% in the second quarter. Kingswood Wealth Advisors LLC now owns 4,669 shares of the industrial products company’s stock worth $514,000 after purchasing an additional 250 shares during the period. Park Avenue Securities LLC grew its position in shares of Emerson Electric by 3.9% in the 2nd quarter. Park Avenue Securities LLC now owns 23,091 shares of the industrial products company’s stock worth $2,544,000 after buying an additional 870 shares during the period. CWM LLC increased its stake in shares of Emerson Electric by 5.6% in the 2nd quarter. CWM LLC now owns 16,610 shares of the industrial products company’s stock worth $1,830,000 after acquiring an additional 885 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in Emerson Electric by 7.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 12,309 shares of the industrial products company’s stock valued at $1,356,000 after acquiring an additional 863 shares during the period. Finally, Guinness Asset Management LTD grew its holdings in Emerson Electric by 0.4% in the second quarter. Guinness Asset Management LTD now owns 1,748,430 shares of the industrial products company’s stock worth $192,499,000 after purchasing an additional 6,196 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on EMR shares. KeyCorp boosted their price target on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada dropped their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target for the company. Loop Capital increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday. Finally, Oppenheimer lifted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $131.11.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the 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 completion of the sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $133.38 on Wednesday. The firm’s 50 day moving average price is $117.99 and its 200-day moving average price is $111.67. 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 stock has a market capitalization of $75.96 billion, a PE ratio of 39.00, a price-to-earnings-growth ratio of 2.25 and a beta of 1.34. Emerson Electric Co. has a twelve month low of $87.59 and a twelve month high of $134.17.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Friday, November 15th. 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%.

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.