Mark Sheptoff Financial Planning LLC Has $103,000 Stake in Emerson Electric Co. (NYSE:EMR)

Mark Sheptoff Financial Planning LLC lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 12.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the industrial products company’s stock after selling 147 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Emerson Electric were worth $103,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of EMR. Capital Performance Advisors LLP bought a new stake in Emerson Electric in the third quarter valued at about $25,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric during the 3rd quarter worth approximately $29,000. Meeder Asset Management Inc. boosted its stake in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the third quarter worth $33,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Emerson Electric during the third quarter valued at $33,000. Institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the 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 completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, 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. Company insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR opened at $132.60 on Friday. The firm’s 50 day moving average price is $116.88 and its two-hundred day moving average price is $111.40. 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 twelve month low of $87.59 and a twelve month high of $134.17. The firm has a market cap of $75.61 billion, a P/E ratio of 38.77, a PEG ratio of 2.23 and a beta of 1.30.

Emerson Electric Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EMR. Morgan Stanley started coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. UBS Group started coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target for the company. KeyCorp increased their target price on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, BNP Paribas assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

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.