Emerson Electric Co. (NYSE:EMR) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC lowered its stake in Emerson Electric Co. (NYSE:EMR) by 10.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 26,637 shares of the industrial products company’s stock after selling 3,004 shares during the period. Mutual Advisors LLC’s holdings in Emerson Electric were worth $3,284,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric during the third quarter valued at $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $27,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the third quarter worth about $29,000. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric during the third quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Emerson Electric during the third quarter worth approximately $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by insiders.

Emerson Electric Stock Performance

Emerson Electric stock opened at $131.20 on Friday. 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 firm’s fifty day moving average price is $126.98 and its 200 day moving average price is $115.65. The company has a market capitalization of $74.72 billion, a price-to-earnings ratio of 38.36, a price-to-earnings-growth ratio of 2.21 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors 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 dividend on an annualized basis and a yield of 1.61%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 61.70%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. UBS Group began coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. BNP Paribas started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, KeyCorp boosted their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $135.89.

About Emerson Electric

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.