Emerson Electric Co. (NYSE:EMR) Shares Sold by Mattern Wealth Management LLC

Mattern Wealth Management LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.9% during the 4th quarter, HoldingsChannel reports. The firm owned 15,506 shares of the industrial products company’s stock after selling 305 shares during the quarter. Mattern Wealth Management LLC’s holdings in Emerson Electric were worth $1,922,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $27,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric during the 3rd quarter worth about $29,000. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric in the third quarter valued at $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in Emerson Electric in the third quarter valued at $33,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on EMR. Loop Capital raised their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Robert W. Baird boosted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. Finally, KeyCorp upped their price target on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.89.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $128.89 on Tuesday. The company has a market cap of $73.41 billion, a P/E ratio of 37.69, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company’s fifty day moving average is $127.10 and its two-hundred day moving average is $115.98. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.64%. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction on 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 in the company, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.50% of the company’s stock.

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.