Emerson Electric Co. (NYSE:EMR) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC decreased its position in Emerson Electric Co. (NYSE:EMR) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,162 shares of the industrial products company’s stock after selling 1,492 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Emerson Electric were worth $9,563,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric in the third quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter valued at $29,000. Frazier Financial Advisors LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter worth $33,000. Meeder Asset Management Inc. raised its position in shares of Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares during the period. Finally, Morton Brown Family Wealth LLC acquired a new position in Emerson Electric in the third quarter valued at $33,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EMR has been the topic of a number of research reports. KeyCorp raised their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Royal Bank of Canada decreased their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company 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. Oppenheimer upped their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Barclays raised their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.84.

Emerson Electric Stock Up 0.5 %

Shares of Emerson Electric stock traded up $0.56 during trading on Monday, reaching $118.50. The company had a trading volume of 2,254,642 shares, compared to its average volume of 2,417,916. The company has a market cap of $67.49 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The firm’s fifty day moving average is $127.08 and its 200-day moving average 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.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a $0.5275 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.78%. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

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.