Emerson Electric Co. (NYSE:EMR) Shares Sold by Farmers Trust Co.

Farmers Trust Co. reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,836 shares of the industrial products company’s stock after selling 225 shares during the period. Farmers Trust Co.’s holdings in Emerson Electric were worth $351,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Newport Trust Company LLC purchased a new position in Emerson Electric during the second quarter worth about $574,908,000. Pathway Financial Advisers LLC raised its holdings in Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after buying an additional 2,051,764 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after acquiring an additional 2,016,075 shares in the last quarter. State Street Corp grew its stake in shares of Emerson Electric by 6.2% in the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after buying an additional 1,507,980 shares in the last quarter. Finally, Swedbank AB lifted its position in Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after acquiring an additional 1,424,800 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EMR. Barclays lifted their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Robert W. Baird boosted their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Royal Bank of Canada reduced their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. One 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $134.84.

Emerson Electric Stock Down 0.5 %

Shares of Emerson Electric stock traded down $0.58 during midday trading on Wednesday, hitting $120.10. The company’s stock had a trading volume of 1,756,179 shares, compared to its average volume of 2,015,730. The firm has a market capitalization of $68.40 billion, a P/E ratio of 35.12, a PEG ratio of 2.20 and a beta of 1.35. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85. 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 simple moving average of $126.43 and a 200-day simple moving average of $114.62.

Emerson Electric Increases Dividend

The firm 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. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.76%. 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.