Buttonwood Financial Advisors Inc. Cuts Stock Position in Emerson Electric Co. (NYSE:EMR)

Buttonwood Financial Advisors Inc. decreased its stake in Emerson Electric Co. (NYSE:EMR) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,886 shares of the industrial products company’s stock after selling 1,342 shares during the quarter. Emerson Electric makes up 1.1% of Buttonwood Financial Advisors Inc.’s holdings, making the stock its 27th biggest position. Buttonwood Financial Advisors Inc.’s holdings in Emerson Electric were worth $2,464,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of EMR. Union Bancaire Privee UBP SA purchased a new position in shares of Emerson Electric in the fourth quarter valued at approximately $1,843,000. Capital Asset Advisory Services LLC lifted its holdings in Emerson Electric by 1.5% in the 4th quarter. Capital Asset Advisory Services LLC now owns 44,000 shares of the industrial products company’s stock valued at $5,431,000 after purchasing an additional 652 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Emerson Electric by 24.1% during the fourth quarter. Blue Trust Inc. now owns 8,092 shares of the industrial products company’s stock worth $1,003,000 after buying an additional 1,569 shares in the last quarter. Legacy Financial Group LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $436,000. Finally, Stablepoint Partners LLC purchased a new position in shares of Emerson Electric in the fourth quarter worth about $212,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. UBS Group assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective for the company. Wells Fargo & Company reduced their price objective on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Robert W. Baird lifted their price target on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Royal Bank of Canada dropped their price objective 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $135.89.

Emerson Electric Stock Down 0.4 %

Shares of NYSE:EMR opened at $130.62 on Monday. The firm’s 50-day moving average is $127.10 and its two-hundred day moving average is $115.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The firm has a market capitalization of $74.39 billion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend 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 1.62%. Emerson Electric’s dividend payout ratio is 61.70%.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now 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. 0.50% of the stock is currently owned by corporate 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.