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

Prospera Private Wealth LLC bought a new stake in Emerson Electric Co. (NYSE:EMR) in the third quarter, according to the company in its most recent disclosure 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 hedge funds and other institutional investors have also recently added to or reduced their stakes in EMR. Edgestream Partners L.P. bought a new stake in Emerson Electric during the first quarter worth about $311,000. Bessemer Group Inc. grew its stake in shares of Emerson Electric by 11.0% in the first quarter. Bessemer Group Inc. now owns 18,576 shares of the industrial products company’s stock valued at $2,107,000 after buying an additional 1,838 shares in the last quarter. CreativeOne Wealth LLC acquired a new position in Emerson Electric during the first quarter worth $605,000. Quadrature Capital Ltd raised its position in Emerson Electric by 30.5% during the first quarter. Quadrature Capital Ltd now owns 83,492 shares of the industrial products company’s stock worth $9,468,000 after acquiring an additional 19,537 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its position in shares of Emerson Electric by 311.3% in the 1st quarter. 1832 Asset Management L.P. now owns 239,626 shares of the industrial products company’s stock valued at $27,178,000 after acquiring an additional 181,371 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EMR has been the topic of a number of research analyst reports. Oppenheimer upped their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Barclays raised 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. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. BNP Paribas assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target for the company. Finally, KeyCorp increased their price objective on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $130.00.

Insider Buying and Selling 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 transaction of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $128.38 on Friday. The stock has a market capitalization of $73.20 billion, a PE ratio of 37.54, a P/E/G ratio of 2.17 and a beta of 1.30. Emerson Electric Co. has a fifty-two week low of $87.55 and a fifty-two week high of $131.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The business has a fifty day moving average price of $113.46 and a two-hundred day moving average price of $110.58.

Emerson Electric Increases Dividend

The company 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. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.64%. Emerson Electric’s dividend payout ratio 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.