Hummer Financial Advisory Services Inc Sells 200 Shares of Emerson Electric Co. (NYSE:EMR)

Hummer Financial Advisory Services Inc lowered its position in Emerson Electric Co. (NYSE:EMR) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,700 shares of the industrial products company’s stock after selling 200 shares during the quarter. Hummer Financial Advisory Services Inc’s holdings in Emerson Electric were worth $582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Creative Financial Designs Inc. ADV increased its stake in shares of Emerson Electric by 0.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company’s stock worth $2,016,000 after purchasing an additional 97 shares in the last quarter. Wedmont Private Capital increased its stake in Emerson Electric by 2.0% in the 3rd quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock worth $557,000 after buying an additional 99 shares in the last quarter. Unison Advisors LLC raised its holdings in Emerson Electric by 0.5% during the third quarter. Unison Advisors LLC now owns 21,115 shares of the industrial products company’s stock valued at $2,309,000 after acquiring an additional 99 shares during the period. Chesapeake Wealth Management lifted its position in shares of Emerson Electric by 5.5% in the second quarter. Chesapeake Wealth Management now owns 1,930 shares of the industrial products company’s stock valued at $213,000 after acquiring an additional 100 shares in the last quarter. Finally, Gabelli Funds LLC grew its position in shares of Emerson Electric by 1.9% during the second quarter. Gabelli Funds LLC now owns 5,380 shares of the industrial products company’s stock worth $593,000 after purchasing an additional 100 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 0.5 %

EMR opened at $118.50 on Tuesday. 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 stock has a market cap of $67.49 billion, a price-to-earnings ratio of 34.65, a P/E/G ratio of 2.19 and a beta of 1.35. The stock’s 50 day moving average price is $127.26 and its 200-day moving average price is $114.94.

Emerson Electric Increases Dividend

The firm also recently announced 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 1.78%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Analyst Ratings Changes

EMR has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Oppenheimer lifted their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. BNP Paribas initiated coverage on Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective for the company. Wells Fargo & Company dropped their price target 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, Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.84.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.50% of the company’s stock.

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.