Emerson Electric Co. (NYSE:EMR) Shares Sold by Lynch & Associates IN

Lynch & Associates IN lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,161 shares of the industrial products company’s stock after selling 2,675 shares during the period. Emerson Electric comprises 2.1% of Lynch & Associates IN’s holdings, making the stock its 13th biggest holding. Lynch & Associates IN’s holdings in Emerson Electric were worth $9,563,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EMR. Wilmington Savings Fund Society FSB grew its stake in Emerson Electric by 120.1% during 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 buying an additional 30,741 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 buying an additional 162,985 shares in the last quarter. Bank of Montreal Can increased its position in shares of Emerson Electric by 17.0% in the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock worth $152,359,000 after purchasing an additional 194,944 shares during the period. Dynamic Advisor Solutions LLC grew its position 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 valued at $7,578,000 after acquiring an additional 5,416 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings 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 worth $1,044,000 after purchasing an additional 5,393 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Down 2.2 %

NYSE EMR traded down $2.66 during trading hours on Friday, hitting $117.64. 3,735,984 shares of the company were exchanged, compared to its average volume of 2,448,020. The stock has a market cap of $67.00 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 2.19 and a beta of 1.34. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $126.90 and a 200 day moving average price of $114.70. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a $0.5275 dividend. 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 1.79%. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio is 61.70%.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Royal Bank of Canada reduced their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company cut their price target on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday. UBS Group initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. Loop Capital raised their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Barclays boosted their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $134.84.

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.