Triangle Securities Wealth Management Sells 388 Shares of Emerson Electric Co. (NYSE:EMR)

Triangle Securities Wealth Management lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,558 shares of the industrial products company’s stock after selling 388 shares during the quarter. Triangle Securities Wealth Management’s holdings in Emerson Electric were worth $2,548,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Alliance acquired a new position in Emerson Electric in the second quarter valued at about $212,000. Intech Investment Management LLC increased its holdings in Emerson Electric by 30.2% during the 2nd quarter. Intech Investment Management LLC now owns 23,677 shares of the industrial products company’s stock valued at $2,608,000 after purchasing an additional 5,497 shares in the last quarter. Brighton Jones LLC lifted its position in Emerson Electric by 9.3% during the 2nd quarter. Brighton Jones LLC now owns 6,555 shares of the industrial products company’s stock worth $722,000 after buying an additional 560 shares in the last quarter. Ieq Capital LLC increased its position in Emerson Electric by 22.4% in the 2nd quarter. Ieq Capital LLC now owns 26,287 shares of the industrial products company’s stock valued at $2,896,000 after acquiring an additional 4,810 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Emerson Electric by 13.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 31,043 shares of the industrial products company’s stock worth $3,420,000 after acquiring an additional 3,715 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on EMR shares. JPMorgan Chase & Co. lowered their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday. Jefferies Financial Group began coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. BNP Paribas began coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target for the company. Finally, UBS Group initiated coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently 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 $124.65 on Friday. The stock has a market cap of $70.99 billion, a P/E ratio of 36.45, a P/E/G ratio of 1.98 and a beta of 1.35. The company has a fifty day moving average price of $127.05 and a two-hundred day moving average price of $115.22. 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 current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.69%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the company’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 transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is owned by company insiders.

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.