Eagle Bay Advisors LLC Cuts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Eagle Bay Advisors LLC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,907 shares of the industrial products company’s stock after selling 215 shares during the period. Eagle Bay Advisors LLC’s holdings in Emerson Electric were worth $236,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. CHICAGO TRUST Co NA raised its stake in Emerson Electric by 0.7% during the fourth quarter. CHICAGO TRUST Co NA now owns 20,171 shares of the industrial products company’s stock worth $2,500,000 after purchasing an additional 149 shares during the period. Capital Investment Advisors LLC raised its stake in shares of Emerson Electric by 0.6% in the 4th quarter. Capital Investment Advisors LLC now owns 23,038 shares of the industrial products company’s stock valued at $2,855,000 after acquiring an additional 140 shares during the period. Brookstone Capital Management raised its stake in shares of Emerson Electric by 57.2% in the 4th quarter. Brookstone Capital Management now owns 18,833 shares of the industrial products company’s stock valued at $2,334,000 after acquiring an additional 6,855 shares during the period. Trust Co. of Toledo NA OH raised its stake in shares of Emerson Electric by 8.2% in the 4th quarter. Trust Co. of Toledo NA OH now owns 17,699 shares of the industrial products company’s stock valued at $2,193,000 after acquiring an additional 1,337 shares during the period. Finally, Fiduciary Alliance LLC purchased a new position in shares of Emerson Electric in the 4th quarter valued at $1,112,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

EMR has been the topic of a number of research reports. Royal Bank of Canada cut their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Loop Capital raised their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock. Robert W. Baird lifted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.84.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated 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 transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE EMR traded down $0.45 during midday trading on Monday, hitting $117.49. The company’s stock had a trading volume of 686,243 shares, compared to its average volume of 2,190,042. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85. The firm’s fifty day moving average price is $127.08 and its 200-day moving average price is $114.87. 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 firm has a market cap of $66.91 billion, a P/E ratio of 34.35, a P/E/G ratio of 2.19 and a beta of 1.35.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. 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 annualized dividend and a dividend yield of 1.80%. Emerson Electric’s payout ratio is 61.70%.

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.