Mark Sheptoff Financial Planning LLC Has $103,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Mark Sheptoff Financial Planning LLC lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 12.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,000 shares of the industrial products company’s stock after selling 147 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Emerson Electric were worth $103,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of EMR. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric during the third quarter worth $29,000. Meeder Asset Management Inc. lifted its stake in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric in the 3rd quarter valued at about $33,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of Emerson Electric in the 3rd quarter valued at about $33,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company boosted their target price on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. UBS Group initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target for the company. Morgan Stanley assumed coverage on shares of Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the 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 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $132.60 on Friday. The company has a market cap of $75.61 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 2.23 and a beta of 1.30. Emerson Electric Co. has a fifty-two week low of $87.59 and a fifty-two week high of $134.17. 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 stock has a fifty day moving average price of $116.88 and a 200-day moving average price of $111.40.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a dividend of $0.5275 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.59%. Emerson Electric’s dividend payout ratio is currently 61.70%.

Emerson Electric 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.