Emerson Electric Co. (NYSE:EMR) Stock Position Cut by Dominguez Wealth Management Solutions Inc.

Dominguez Wealth Management Solutions Inc. decreased its position in Emerson Electric Co. (NYSE:EMR) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,790 shares of the industrial products company’s stock after selling 292 shares during the period. Emerson Electric comprises 2.2% of Dominguez Wealth Management Solutions Inc.’s investment portfolio, making the stock its 10th biggest position. Dominguez Wealth Management Solutions Inc.’s holdings in Emerson Electric were worth $2,948,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the 3rd quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the 3rd quarter worth $29,000. Frazier Financial Advisors LLC purchased a new position in Emerson Electric during the third quarter valued at $33,000. Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at about $33,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Emerson Electric during the third quarter worth about $43,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction on 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 $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 SEC, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EMR. Robert W. Baird lifted their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Wells Fargo & Company lowered their price target on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Loop Capital increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Finally, StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Emerson Electric Trading Up 1.1 %

Shares of Emerson Electric stock opened at $124.65 on Friday. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week 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 has a market capitalization of $70.99 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 1.98 and a beta of 1.35. The stock has a 50 day moving average of $127.10 and a 200 day moving average of $115.11.

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 given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.69%. 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 presently 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.