Eads & Heald Wealth Management Reduces Holdings in Emerson Electric Co. (NYSE:EMR)

Eads & Heald Wealth Management lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,876 shares of the industrial products company’s stock after selling 410 shares during the quarter. Emerson Electric comprises 1.2% of Eads & Heald Wealth Management’s portfolio, making the stock its 22nd largest position. Eads & Heald Wealth Management’s holdings in Emerson Electric were worth $2,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of EMR. Pacer Advisors Inc. raised its holdings in Emerson Electric by 8.7% in the second quarter. Pacer Advisors Inc. now owns 52,061 shares of the industrial products company’s stock worth $5,735,000 after purchasing an additional 4,176 shares in the last quarter. Sei Investments Co. increased its stake in shares of Emerson Electric by 8.4% in the 2nd quarter. Sei Investments Co. now owns 263,161 shares of the industrial products company’s stock worth $28,985,000 after acquiring an additional 20,332 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Emerson Electric by 1.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 29,956 shares of the industrial products company’s stock valued at $3,301,000 after acquiring an additional 347 shares during the period. Ensign Peak Advisors Inc grew its holdings in Emerson Electric by 4.9% in the second quarter. Ensign Peak Advisors Inc now owns 53,718 shares of the industrial products company’s stock worth $5,918,000 after purchasing an additional 2,485 shares during the period. Finally, Frank Rimerman Advisors LLC increased its stake in shares of Emerson Electric by 22,000.0% during the second quarter. Frank Rimerman Advisors LLC now owns 4,641 shares of the industrial products company’s stock valued at $511,000 after purchasing an additional 4,620 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of EMR opened at $129.51 on Wednesday. The business has a 50-day simple moving average of $126.96 and a two-hundred day simple moving average of $115.41. The stock has a market cap of $73.76 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 2.13 and a beta of 1.35. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.63%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Analyst Ratings Changes

Several research firms recently weighed in on EMR. KeyCorp upped their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. cut their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Barclays raised their price target on shares of 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 cut their target price for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Finally, Loop Capital boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.89.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction 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. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.50% of the stock is currently owned by insiders.

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.