Cornerstone Wealth Management LLC Purchases 1,528 Shares of Emerson Electric Co. (NYSE:EMR)

Cornerstone Wealth Management LLC increased its position in Emerson Electric Co. (NYSE:EMR) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,429 shares of the industrial products company’s stock after acquiring an additional 1,528 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Emerson Electric were worth $6,621,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its holdings in shares of Emerson Electric by 1.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 29,956 shares of the industrial products company’s stock worth $3,301,000 after purchasing an additional 347 shares during the period. Ensign Peak Advisors Inc increased its stake in Emerson Electric by 4.9% in the second quarter. Ensign Peak Advisors Inc now owns 53,718 shares of the industrial products company’s stock valued at $5,918,000 after acquiring an additional 2,485 shares during the period. Gabelli Funds LLC increased its stake in Emerson Electric by 1.9% in the second quarter. Gabelli Funds LLC now owns 5,380 shares of the industrial products company’s stock valued at $593,000 after acquiring an additional 100 shares during the period. Public Sector Pension Investment Board increased its stake in Emerson Electric by 74.7% in the second quarter. Public Sector Pension Investment Board now owns 22,077 shares of the industrial products company’s stock valued at $2,432,000 after acquiring an additional 9,443 shares during the period. Finally, Evergreen Capital Management LLC increased its stake in Emerson Electric by 5.1% in the second quarter. Evergreen Capital Management LLC now owns 5,058 shares of the industrial products company’s stock valued at $557,000 after acquiring an additional 244 shares during the period. Institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the company’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 directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.50% of the company’s stock.

Emerson Electric Stock Up 1.0 %

NYSE:EMR opened at $131.20 on Friday. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. 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 stock has a market cap of $74.72 billion, a price-to-earnings ratio of 38.36, a PEG ratio of 2.21 and a beta of 1.35. The stock has a 50-day moving average price of $126.98 and a two-hundred day moving average price of $115.65.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.61%. 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 payout ratio is presently 61.70%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Loop Capital upped their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Barclays upped their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. UBS Group assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. 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 issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.