Baker Avenue Asset Management LP Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Baker Avenue Asset Management LP purchased a new position in Emerson Electric Co. (NYSE:EMR) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,877 shares of the industrial products company’s stock, valued at approximately $205,000.

Other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the 3rd quarter valued at approximately $25,000. Transcendent Capital Group LLC acquired a new position in shares of Emerson Electric in the 1st quarter valued at approximately $31,000. Meeder Asset Management Inc. raised its position in shares of 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 purchasing an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at approximately $33,000. Finally, Versant Capital Management Inc raised its position in shares of Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 269 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EMR. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. KeyCorp upped their price target on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Oppenheimer upped their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Robert W. Baird upped their price target on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $127.65.

Emerson Electric Trading Down 0.6 %

NYSE:EMR opened at $128.42 on Wednesday. Emerson Electric Co. has a 1 year low of $85.91 and a 1 year high of $130.30. The stock has a market cap of $73.55 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 2.13 and a beta of 1.30. The business has a fifty day moving average of $108.87 and a 200-day moving average of $109.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.77.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.64%. Emerson Electric’s dividend payout ratio is presently 61.70%.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction 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 owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.25% of the company’s stock.

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.