Transform Wealth LLC Buys Shares of 56,613 Emerson Electric Co. (NYSE:EMR)

Transform Wealth LLC acquired a new position in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 56,613 shares of the industrial products company’s stock, valued at approximately $7,016,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Alpha Cubed Investments LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $205,000. Clear Harbor Asset Management LLC increased its stake in Emerson Electric by 3.1% in the fourth quarter. Clear Harbor Asset Management LLC now owns 14,957 shares of the industrial products company’s stock valued at $1,854,000 after purchasing an additional 445 shares in the last quarter. Charles Schwab Trust Co boosted its position in shares of Emerson Electric by 2.3% during the fourth quarter. Charles Schwab Trust Co now owns 52,265 shares of the industrial products company’s stock worth $6,477,000 after purchasing an additional 1,200 shares in the last quarter. Chesapeake Wealth Management acquired a new position in shares of Emerson Electric in the 4th quarter valued at $206,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at $27,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.1 %

Shares of EMR stock opened at $124.65 on Tuesday. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week 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 stock has a market cap of $70.99 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 2.12 and a beta of 1.35. The firm’s 50-day moving average is $126.96 and its 200-day moving average is $115.41.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.69%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on EMR shares. Royal Bank of Canada decreased their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. KeyCorp increased their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. JPMorgan Chase & Co. dropped their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, 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 report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.89.

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.