Icon Wealth Advisors LLC Has $448,000 Position in Emerson Electric Co. (NYSE:EMR)

Icon Wealth Advisors LLC grew its holdings in Emerson Electric Co. (NYSE:EMR) by 6.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,092 shares of the industrial products company’s stock after buying an additional 251 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Emerson Electric were worth $448,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Rockefeller Capital Management L.P. raised its stake in shares of Emerson Electric by 4.9% in the third quarter. Rockefeller Capital Management L.P. now owns 754,701 shares of the industrial products company’s stock worth $82,548,000 after acquiring an additional 35,064 shares during the last quarter. Providence Wealth Advisors LLC raised its position in Emerson Electric by 1.3% in the 3rd quarter. Providence Wealth Advisors LLC now owns 9,157 shares of the industrial products company’s stock worth $996,000 after purchasing an additional 115 shares during the last quarter. Isthmus Partners LLC boosted its position in Emerson Electric by 0.6% in the 3rd quarter. Isthmus Partners LLC now owns 114,327 shares of the industrial products company’s stock valued at $12,504,000 after buying an additional 661 shares during the last quarter. Vinva Investment Management Ltd acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at $599,000. Finally, Public Sector Pension Investment Board raised its position in shares of Emerson Electric by 13.1% during the third quarter. Public Sector Pension Investment Board now owns 24,977 shares of the industrial products company’s stock worth $2,732,000 after acquiring an additional 2,900 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $132.62 on Friday. The company has a fifty day moving average price of $116.88 and a 200 day moving average price of $111.42. The firm has a market cap of $75.62 billion, a PE ratio of 38.78, a PEG ratio of 2.23 and a beta of 1.30. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 1-year low of $87.59 and a 1-year high of $134.17.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Morgan Stanley assumed coverage on shares of Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. KeyCorp increased their price target on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, BNP Paribas initiated coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $130.00.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.25% 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.