Emerson Electric Co. (NYSE:EMR) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC lifted its position in Emerson Electric Co. (NYSE:EMR) by 12.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,491 shares of the industrial products company’s stock after acquiring an additional 2,937 shares during the period. Tidal Investments LLC’s holdings in Emerson Electric were worth $3,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in EMR. Capital Performance Advisors LLP acquired a new stake in Emerson Electric during the 3rd quarter worth $25,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric during the third quarter worth about $29,000. Frazier Financial Advisors LLC purchased a new stake in Emerson Electric during the 3rd quarter valued at about $33,000. Meeder Asset Management Inc. raised its holdings in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares during the last quarter. Finally, Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth approximately $33,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $130.20 on Friday. The stock has a market capitalization of $74.15 billion, a price-to-earnings ratio of 38.07, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The business has a 50-day moving average of $121.54 and a 200 day moving average of $112.68. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is 61.70%.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction on 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 sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on EMR shares. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Sunday, December 8th. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Robert W. Baird lifted their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, Oppenheimer increased their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.58.

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.