Community Trust & Investment Co. Sells 188 Shares of Emerson Electric Co. (NYSE:EMR)

Community Trust & Investment Co. lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 9.9% in the 4th quarter, Holdings Channel reports. The firm owned 1,703 shares of the industrial products company’s stock after selling 188 shares during the quarter. Community Trust & Investment Co.’s holdings in Emerson Electric were worth $211,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EMR. Brown Brothers Harriman & Co. lifted its position in shares of Emerson Electric by 8.4% in the second quarter. Brown Brothers Harriman & Co. now owns 47,924 shares of the industrial products company’s stock worth $5,279,000 after buying an additional 3,715 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Emerson Electric by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,796 shares of the industrial products company’s stock worth $259,809,000 after purchasing an additional 355,106 shares during the last quarter. One Capital Management LLC boosted its position in Emerson Electric by 77.5% during the second quarter. One Capital Management LLC now owns 3,379 shares of the industrial products company’s stock worth $372,000 after purchasing an additional 1,475 shares during the period. Renaissance Technologies LLC acquired a new position in Emerson Electric during the second quarter valued at approximately $61,304,000. Finally, WealthPLAN Partners LLC bought a new position in shares of Emerson Electric in the second quarter valued at approximately $3,072,000. 74.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Emerson Electric

In other 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 sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EMR shares. 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. Deutsche Bank Aktiengesellschaft raised their price target 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 research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. Royal Bank of Canada lowered their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, Wells Fargo & Company cut their price target on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. One research 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $134.84.

Emerson Electric Stock Performance

NYSE:EMR opened at $119.80 on Wednesday. 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 firm has a 50-day moving average price of $127.30 and a 200 day moving average price of $115.01. The firm has a market capitalization of $68.23 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a $0.5275 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.76%. Emerson Electric’s 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.