Firethorn Wealth Partners LLC Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

Firethorn Wealth Partners LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,026 shares of the industrial products company’s stock after purchasing an additional 104 shares during the period. Firethorn Wealth Partners LLC’s holdings in Emerson Electric were worth $251,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EMR. Wilmington Savings Fund Society FSB raised its stake in shares of Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after acquiring an additional 30,741 shares during the period. Geode Capital Management LLC raised its holdings in shares of Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after buying an additional 162,985 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in shares of Emerson Electric by 8.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock worth $7,578,000 after acquiring an additional 5,416 shares during the last quarter. Larson Financial Group LLC increased its stake in Emerson Electric by 130.0% in the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after purchasing an additional 5,393 shares during the period. Finally, V Square Quantitative Management LLC grew its stake in Emerson Electric by 82.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock worth $435,000 after acquiring an additional 1,792 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’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 sale, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the topic of several recent research reports. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Barclays upped their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Royal Bank of Canada cut their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company decreased their price objective on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, Robert W. Baird boosted their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.89.

Emerson Electric Stock Performance

Shares of EMR stock opened at $130.62 on Friday. Emerson Electric Co. has a one year low of $91.64 and a one year high of $134.85. 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 firm’s 50 day moving average price is $127.02 and its 200-day moving average price is $115.76. The firm has a market cap of $74.39 billion, a P/E ratio of 38.19, a P/E/G ratio of 2.22 and a beta of 1.35.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.62%. The ex-dividend date was Friday, November 15th. Emerson Electric’s payout ratio is currently 61.70%.

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.