Red Door Wealth Management LLC Raises Holdings in Emerson Electric Co. (NYSE:EMR)

Red Door Wealth Management LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,247 shares of the industrial products company’s stock after buying an additional 140 shares during the quarter. Red Door Wealth Management LLC’s holdings in Emerson Electric were worth $526,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Traynor Capital Management Inc. grew its stake in shares of Emerson Electric by 17.4% during the fourth quarter. Traynor Capital Management Inc. now owns 2,364 shares of the industrial products company’s stock worth $293,000 after purchasing an additional 350 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Emerson Electric by 3.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 647,977 shares of the industrial products company’s stock worth $80,304,000 after purchasing an additional 18,623 shares during the last quarter. Phillips Wealth Planners LLC increased its stake in Emerson Electric by 28.1% in the fourth quarter. Phillips Wealth Planners LLC now owns 2,431 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 534 shares during the last quarter. Paradiem LLC raised its holdings in Emerson Electric by 0.4% during the fourth quarter. Paradiem LLC now owns 137,057 shares of the industrial products company’s stock worth $16,985,000 after purchasing an additional 504 shares in the last quarter. Finally, Dupont Capital Management Corp purchased a new stake in Emerson Electric in the fourth quarter valued at $6,209,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EMR has been the subject of a number of research analyst reports. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. KeyCorp upped their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. BNP Paribas assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.89.

Emerson Electric Stock Performance

NYSE:EMR opened at $131.20 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $74.72 billion, a P/E ratio of 38.36, a price-to-earnings-growth ratio of 2.21 and a beta of 1.35. The firm has a 50-day moving average price of $126.98 and a two-hundred day moving average price of $115.65. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.61%. Emerson Electric’s dividend payout ratio (DPR) is presently 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.