Emerson Electric Co. (NYSE:EMR) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC reduced its position in Emerson Electric Co. (NYSE:EMR) by 18.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 141,558 shares of the industrial products company’s stock after selling 31,826 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Emerson Electric were worth $17,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Emerson Electric Price Performance

Shares of NYSE EMR opened at $130.81 on Friday. The stock’s 50-day moving average is $126.98 and its two-hundred day moving average is $115.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The company has a market cap of $74.50 billion, a price-to-earnings ratio of 38.26, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a $0.5275 dividend. This is a boost 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 1.61%. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Analyst Upgrades and Downgrades

Several research firms have commented on EMR. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Barclays increased their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. lowered their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Finally, Oppenheimer upped their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.89.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction that occurred on 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 owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by company 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.