Emerson Electric Co. (NYSE:EMR) Shares Sold by Park National Corp OH

Park National Corp OH lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 62,546 shares of the industrial products company’s stock after selling 1,009 shares during the quarter. Park National Corp OH’s holdings in Emerson Electric were worth $7,751,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EMR. Newport Trust Company LLC purchased a new stake in Emerson Electric in the second quarter valued at approximately $574,908,000. Pathway Financial Advisers LLC boosted its holdings in shares of Emerson Electric by 10,993.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after acquiring an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after acquiring an additional 2,016,075 shares during the period. State Street Corp raised its holdings in shares of Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares during the last quarter. Finally, Swedbank AB lifted its position in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on EMR shares. Royal Bank of Canada reduced their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Wells Fargo & Company cut their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday. KeyCorp increased their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, UBS Group assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.84.

Emerson Electric Stock Down 1.2 %

Shares of EMR opened at $120.62 on Wednesday. The stock has a 50 day moving average price of $126.43 and a 200 day moving average price of $114.62. 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 capitalization of $68.70 billion, a price-to-earnings ratio of 35.27, a PEG ratio of 2.20 and a beta of 1.35. Emerson Electric Co. has a one year low of $91.64 and a one year high of $134.85.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 61.70%.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.