Founders Capital Management Sells 1,474 Shares of Emerson Electric Co. (NYSE:EMR)

Founders Capital Management lowered its position in Emerson Electric Co. (NYSE:EMR) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,303 shares of the industrial products company’s stock after selling 1,474 shares during the quarter. Emerson Electric makes up about 3.5% of Founders Capital Management’s investment portfolio, making the stock its 11th largest holding. Founders Capital Management’s holdings in Emerson Electric were worth $5,490,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of recent analyst reports. Barclays upped their target price 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. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Jefferies Financial Group began coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. Wells Fargo & Company cut their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Loop Capital raised their price target 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.84.

Emerson Electric Price Performance

Shares of EMR traded down $0.14 during midday trading on Monday, hitting $117.80. 791,118 shares of the company traded hands, compared to its average volume of 2,203,039. The stock has a 50-day moving average of $127.08 and a 200-day moving average of $114.87. 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 one year low of $91.64 and a one year high of $134.85. The firm has a market cap of $67.09 billion, a P/E ratio of 34.44, a PEG 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. Shareholders of record on Friday, November 15th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.79%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is owned by insiders.

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.