Aaron Wealth Advisors LLC Increases Stake in Emerson Electric Co. (NYSE:EMR)

Aaron Wealth Advisors LLC boosted its stake in Emerson Electric Co. (NYSE:EMR) by 20.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,348 shares of the industrial products company’s stock after buying an additional 1,089 shares during the period. Aaron Wealth Advisors LLC’s holdings in Emerson Electric were worth $787,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Creative Financial Designs Inc. ADV lifted its stake in shares of Emerson Electric by 0.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company’s stock valued at $2,016,000 after purchasing an additional 97 shares during the period. Sandbox Financial Partners LLC lifted its position in Emerson Electric by 5.3% during the fourth quarter. Sandbox Financial Partners LLC now owns 1,942 shares of the industrial products company’s stock valued at $241,000 after buying an additional 97 shares during the period. Unison Advisors LLC boosted its holdings in shares of Emerson Electric by 0.5% during the 3rd quarter. Unison Advisors LLC now owns 21,115 shares of the industrial products company’s stock valued at $2,309,000 after buying an additional 99 shares in the last quarter. Wedmont Private Capital grew its position in shares of Emerson Electric by 2.0% in the 3rd quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock worth $557,000 after buying an additional 99 shares during the period. Finally, Chesapeake Wealth Management increased its stake in shares of Emerson Electric by 5.5% in the 2nd quarter. Chesapeake Wealth Management now owns 1,930 shares of the industrial products company’s stock worth $213,000 after acquiring an additional 100 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EMR shares. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Wells Fargo & Company lowered their price target on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, Oppenheimer increased their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Emerson Electric Price Performance

NYSE EMR opened at $124.65 on Monday. The company has a 50-day moving average price of $127.05 and a 200-day moving average price of $115.27. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85. 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 firm has a market capitalization of $70.99 billion, a P/E ratio of 36.45, a PEG ratio of 1.98 and a beta of 1.35.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was 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%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through the SEC website. 0.50% of the stock is currently owned by company insiders.

Emerson Electric Company Profile

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.