Harbor Investment Advisory LLC Increases Position in Emerson Electric Co. (NYSE:EMR)

Harbor Investment Advisory LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 16.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,883 shares of the industrial products company’s stock after purchasing an additional 562 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Emerson Electric were worth $481,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric in the 3rd quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric in the third quarter valued at approximately $29,000. Frazier Financial Advisors LLC purchased a new position in Emerson Electric in the third quarter worth $33,000. Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter valued at $33,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter worth $43,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EMR. BNP Paribas initiated coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target for the company. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Barclays upped their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. UBS Group initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $129.51 on Wednesday. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The company’s fifty day moving average price is $126.96 and its 200 day moving average price is $115.41. The company has a market capitalization of $73.76 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.12 and a beta of 1.35.

Emerson Electric Increases Dividend

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