Asset Dedication LLC Buys 245 Shares of Emerson Electric Co. (NYSE:EMR)

Asset Dedication LLC boosted its position in Emerson Electric Co. (NYSE:EMR) by 15.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,793 shares of the industrial products company’s stock after purchasing an additional 245 shares during the quarter. Asset Dedication LLC’s holdings in Emerson Electric were worth $222,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the 3rd quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric in the 4th quarter worth $27,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $29,000. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric in the 3rd quarter worth $33,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Emerson Electric during the 3rd quarter valued at approximately $33,000. 74.30% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the firm’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 transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company’s stock.

Emerson Electric Trading Down 0.8 %

Shares of Emerson Electric stock opened at $128.92 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week high of $134.85. The firm has a market cap of $73.42 billion, a price-to-earnings ratio of 37.70, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company’s 50-day simple moving average is $127.10 and its 200-day simple moving average is $116.19.

Emerson Electric Increases Dividend

The business also recently announced 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 a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.64%. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. Robert W. Baird lifted their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Wells Fargo & Company decreased their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. dropped their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $136.45.

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.