Patriot Financial Group Insurance Agency LLC Sells 300 Shares of Emerson Electric Co. (NYSE:EMR)

Patriot Financial Group Insurance Agency LLC lowered its position in Emerson Electric Co. (NYSE:EMR) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,467 shares of the industrial products company’s stock after selling 300 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Emerson Electric were worth $801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in EMR. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric in the 4th quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new stake in Emerson Electric in the third quarter valued at $25,000. Darwin Wealth Management LLC bought a new position in Emerson Electric during the 3rd quarter worth $29,000. Frazier Financial Advisors LLC bought a new stake in shares of Emerson Electric in the 3rd quarter valued at about $33,000. Finally, Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at about $33,000. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday. They issued an “outperform” rating and a $147.00 price objective on the stock. BNP Paribas initiated coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price for the company. Loop Capital upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, KeyCorp lifted their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock 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 issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $136.45.

Emerson Electric Trading Up 0.8 %

Shares of Emerson Electric stock opened at $130.06 on Wednesday. The company has a market capitalization of $74.07 billion, a P/E ratio of 38.03, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The stock has a fifty day simple moving average of $127.09 and a 200 day simple moving average of $116.09. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 61.70%.

Insider Activity at Emerson Electric

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