Mutual Advisors LLC Cuts Position in Emerson Electric Co. (NYSE:EMR)

Mutual Advisors LLC lowered its position in Emerson Electric Co. (NYSE:EMR) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,637 shares of the industrial products company’s stock after selling 3,004 shares during the quarter. Mutual Advisors LLC’s holdings in Emerson Electric were worth $3,284,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EMR. Grove Bank & Trust boosted its holdings in Emerson Electric by 5.4% in the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 90 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Emerson Electric by 0.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company’s stock valued at $2,016,000 after buying an additional 97 shares in the last quarter. Sandbox Financial Partners LLC grew its position in shares of Emerson Electric by 5.3% in the 4th quarter. Sandbox Financial Partners LLC now owns 1,942 shares of the industrial products company’s stock valued at $241,000 after buying an additional 97 shares during the last quarter. Unison Advisors LLC raised its stake in Emerson Electric by 0.5% during the 3rd quarter. Unison Advisors LLC now owns 21,115 shares of the industrial products company’s stock worth $2,309,000 after acquiring an additional 99 shares in the last quarter. Finally, Wedmont Private Capital boosted its stake in Emerson Electric by 2.0% in the third quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock valued at $557,000 after acquiring an additional 99 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barclays boosted their target price on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. KeyCorp boosted their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Loop Capital raised their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Jefferies Financial Group began coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. Finally, UBS Group started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $131.20 on Friday. The company’s fifty day moving average is $126.98 and its two-hundred day moving average is $115.65. 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 $74.72 billion, a P/E ratio of 38.36, a PEG ratio of 2.21 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 business also recently announced 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 is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.61%. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 of the company’s stock, valued at approximately $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 SEC, which can be accessed through this link. 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.