Crews Bank & Trust Purchases New Shares in Emerson Electric Co. (NYSE:EMR)

Crews Bank & Trust bought a new position in shares of Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,384 shares of the industrial products company’s stock, valued at approximately $1,039,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its holdings in Emerson Electric by 43.5% during the second quarter. AQR Capital Management LLC now owns 47,192 shares of the industrial products company’s stock worth $5,174,000 after purchasing an additional 14,301 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in Emerson Electric by 200.9% during the second quarter. EP Wealth Advisors LLC now owns 20,983 shares of the industrial products company’s stock worth $2,312,000 after acquiring an additional 14,009 shares during the period. Truist Financial Corp boosted its position in shares of Emerson Electric by 9.5% during the 2nd quarter. Truist Financial Corp now owns 977,435 shares of the industrial products company’s stock worth $107,674,000 after purchasing an additional 85,083 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Emerson Electric by 17.6% in the 2nd quarter. Cetera Investment Advisers now owns 229,476 shares of the industrial products company’s stock valued at $25,279,000 after purchasing an additional 34,381 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Emerson Electric during the second quarter worth about $22,146,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.50% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $129.64 on Thursday. The business’s 50-day simple moving average is $127.10 and its 200 day simple moving average is $116.19. The company has a market cap of $73.83 billion, a P/E ratio of 37.87, a PEG ratio of 2.22 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. Emerson Electric Co. has a one year low of $91.64 and a one year high of $134.85.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.63%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is currently 61.70%.

Wall Street Analyst Weigh In

EMR has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. KeyCorp boosted their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. cut their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Wells Fargo & Company decreased their price objective on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $136.45.

Emerson Electric Company 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.