LVM Capital Management Ltd. MI Invests $209,000 in Emerson Electric Co. (NYSE:EMR)

LVM Capital Management Ltd. MI acquired a new stake in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,689 shares of the industrial products company’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. ST Germain D J Co. Inc. lifted its stake in shares of Emerson Electric by 6.3% in the fourth quarter. ST Germain D J Co. Inc. now owns 16,042 shares of the industrial products company’s stock worth $1,988,000 after buying an additional 948 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Emerson Electric by 0.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 354,034 shares of the industrial products company’s stock worth $43,875,000 after purchasing an additional 983 shares in the last quarter. Legacy Private Trust Co. boosted its holdings in shares of Emerson Electric by 7.0% during the 4th quarter. Legacy Private Trust Co. now owns 18,893 shares of the industrial products company’s stock worth $2,341,000 after purchasing an additional 1,230 shares during the last quarter. First Hawaiian Bank increased its holdings in shares of Emerson Electric by 84.4% in the fourth quarter. First Hawaiian Bank now owns 5,891 shares of the industrial products company’s stock valued at $730,000 after purchasing an additional 2,696 shares during the last quarter. Finally, Douglas Lane & Associates LLC lifted its position in Emerson Electric by 16.3% during the fourth quarter. Douglas Lane & Associates LLC now owns 8,904 shares of the industrial products company’s stock worth $1,103,000 after buying an additional 1,245 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EMR. Oppenheimer raised their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Wells Fargo & Company reduced their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday. Barclays raised their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upped their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, KeyCorp raised their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $134.84.

Emerson Electric Stock Down 2.2 %

EMR stock opened at $117.64 on Friday. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The firm has a market capitalization of $67.00 billion, a price-to-earnings ratio of 34.40, a PEG ratio of 2.19 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The company’s 50 day moving average price is $127.08 and its 200 day moving average price is $114.76.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is currently 61.70%.

Insider Activity at Emerson Electric

In other Emerson Electric 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 transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.50% of the company’s stock.

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.