CFS Investment Advisory Services LLC Sells 20,186 Shares of Emerson Electric Co. (NYSE:EMR)

CFS Investment Advisory Services LLC decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 50.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,566 shares of the industrial products company’s stock after selling 20,186 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Emerson Electric were worth $2,140,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EMR. Edgestream Partners L.P. purchased a new stake in shares of Emerson Electric in the first quarter worth $311,000. Bessemer Group Inc. grew its stake in Emerson Electric by 11.0% in the 1st quarter. Bessemer Group Inc. now owns 18,576 shares of the industrial products company’s stock worth $2,107,000 after buying an additional 1,838 shares in the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of Emerson Electric during the 1st quarter valued at $605,000. Quadrature Capital Ltd grew its position in Emerson Electric by 30.5% in the first quarter. Quadrature Capital Ltd now owns 83,492 shares of the industrial products company’s stock worth $9,468,000 after acquiring an additional 19,537 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its stake in Emerson Electric by 311.3% in the first quarter. 1832 Asset Management L.P. now owns 239,626 shares of the industrial products company’s stock valued at $27,178,000 after acquiring an additional 181,371 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on Wednesday, November 6th. The stock was 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 of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

EMR has been the subject of a number of recent research reports. BNP Paribas assumed coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. Robert W. Baird lifted their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Wells Fargo & Company upped their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, 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 target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $130.00.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $128.38 on Friday. The stock has a market cap of $73.20 billion, a price-to-earnings ratio of 37.54, a PEG ratio of 2.17 and a beta of 1.30. 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 $87.55 and a 1 year high of $131.56. The firm’s 50-day moving average is $113.46 and its 200 day moving average is $110.58.

Emerson Electric Increases Dividend

The firm 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 $0.5275 dividend. The ex-dividend date is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.64%. Emerson Electric’s dividend payout ratio is 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.