Jacobs & Co. CA Trims Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Jacobs & Co. CA decreased its position in Emerson Electric Co. (NYSE:EMR) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,675 shares of the industrial products company’s stock after selling 180 shares during the period. Jacobs & Co. CA’s holdings in Emerson Electric were worth $2,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LVM Capital Management Ltd. MI acquired a new stake in Emerson Electric during the 4th quarter worth about $209,000. ST Germain D J Co. Inc. grew its position in Emerson Electric by 6.3% during the 4th quarter. ST Germain D J Co. Inc. now owns 16,042 shares of the industrial products company’s stock worth $1,988,000 after purchasing an additional 948 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Emerson Electric by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 354,034 shares of the industrial products company’s stock worth $43,875,000 after purchasing an additional 983 shares during the period. Legacy Private Trust Co. grew its position in Emerson Electric by 7.0% during the 4th quarter. Legacy Private Trust Co. now owns 18,893 shares of the industrial products company’s stock worth $2,341,000 after purchasing an additional 1,230 shares during the period. Finally, First Hawaiian Bank grew its position in Emerson Electric by 84.4% during the 4th quarter. First Hawaiian Bank now owns 5,891 shares of the industrial products company’s stock worth $730,000 after purchasing an additional 2,696 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of the business’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 sale, the senior vice president now directly 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.25% of the company’s stock.

Emerson Electric Stock Down 1.8 %

Shares of NYSE:EMR traded down $2.20 during trading on Friday, hitting $118.10. The company’s stock had a trading volume of 1,486,270 shares, compared to its average volume of 2,059,486. 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 business has a 50 day moving average price of $126.90 and a two-hundred day moving average price of $114.70. The company has a market capitalization of $67.26 billion, a PE ratio of 34.53, a P/E/G ratio of 2.19 and a beta of 1.34. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.79%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is presently 61.70%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EMR. Jefferies Financial Group began coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their target price on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. UBS Group assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. BNP Paribas assumed coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. Finally, Loop Capital raised their target price 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $134.84.

About Emerson Electric

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.