Adirondack Trust Co. Trims Position in Emerson Electric Co. (NYSE:EMR)

Adirondack Trust Co. lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,375 shares of the industrial products company’s stock after selling 160 shares during the quarter. Adirondack Trust Co.’s holdings in Emerson Electric were worth $542,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the 3rd quarter valued at approximately $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric in the 4th quarter valued at about $27,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the third quarter valued at approximately $29,000. Morton Brown Family Wealth LLC purchased a new position in Emerson Electric during the third quarter worth approximately $33,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Emerson Electric in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

EMR stock opened at $130.02 on Thursday. The business has a 50 day simple moving average of $126.98 and a 200-day simple moving average of $115.65. The company has a market capitalization of $74.05 billion, a P/E ratio of 38.02, a PEG ratio of 2.21 and a beta of 1.35. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost 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 is presently 61.70%.

Insider Buying and Selling

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 sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of analyst reports. Loop Capital upped their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Robert W. Baird lifted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Barclays raised their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. decreased their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, BNP Paribas initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. 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. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $135.89.

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.