Emerson Electric Co. (NYSE:EMR) Shares Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC raised its holdings in Emerson Electric Co. (NYSE:EMR) by 12.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,014 shares of the industrial products company’s stock after purchasing an additional 2,784 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Emerson Electric were worth $2,736,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Newport Trust Company LLC acquired a new position in Emerson Electric during the 2nd quarter worth approximately $574,908,000. Legal & General Group Plc raised its position in Emerson Electric by 5.2% during the second quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock worth $496,877,000 after acquiring an additional 224,784 shares during the last quarter. Van ECK Associates Corp lifted its stake in Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after buying an additional 2,016,075 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Emerson Electric by 3.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,738,701 shares of the industrial products company’s stock valued at $297,653,000 after acquiring an additional 88,294 shares during the last quarter. Finally, Swedbank AB boosted its stake in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the firm’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 transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This trade represents 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. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the topic of several recent analyst reports. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Thursday. KeyCorp upped their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Oppenheimer boosted their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $130.00.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $126.78 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. Emerson Electric Co. has a 12-month low of $87.17 and a 12-month high of $131.56. The stock has a 50 day simple moving average of $111.14 and a 200-day simple moving average of $109.98. The company has a market cap of $72.29 billion, a PE ratio of 37.07, a P/E/G ratio of 2.18 and a beta of 1.30.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.5275 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.66%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is presently 61.70%.

Emerson Electric 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.