Exchange Traded Concepts LLC Sells 31,826 Shares of Emerson Electric Co. (NYSE:EMR)

Exchange Traded Concepts LLC lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 18.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 141,558 shares of the industrial products company’s stock after selling 31,826 shares during the period. Exchange Traded Concepts LLC’s holdings in Emerson Electric were worth $17,543,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EMR. Wilmington Savings Fund Society FSB lifted its stake in Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after purchasing an additional 30,741 shares during the last quarter. Geode Capital Management LLC grew its position in Emerson Electric by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after acquiring an additional 162,985 shares during the last quarter. Dynamic Advisor Solutions LLC increased its stake in Emerson Electric by 8.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock worth $7,578,000 after purchasing an additional 5,416 shares during the period. Larson Financial Group LLC boosted its stake in shares of Emerson Electric by 130.0% during the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after purchasing an additional 5,393 shares during the period. Finally, V Square Quantitative Management LLC grew its holdings in shares of Emerson Electric by 82.0% in the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock worth $435,000 after purchasing an additional 1,792 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on EMR shares. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Loop Capital upped their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. UBS Group initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective for the company. Finally, Barclays increased their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.89.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR stock opened at $130.81 on Friday. The firm has a market capitalization of $74.50 billion, a price-to-earnings ratio of 38.26, a PEG ratio of 2.22 and a beta of 1.35. 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’s 50-day simple moving average is $126.98 and its 200-day simple moving average is $115.65. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.61%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 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.