Grimes & Company Inc. Sells 706 Shares of Emerson Electric Co. (NYSE:EMR)

Grimes & Company Inc. decreased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 16,241 shares of the industrial products company’s stock after selling 706 shares during the quarter. Grimes & Company Inc.’s holdings in Emerson Electric were worth $2,013,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in EMR. Geneos Wealth Management Inc. lifted its position in shares of Emerson Electric by 1.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 45,892 shares of the industrial products company’s stock worth $5,687,000 after acquiring an additional 869 shares during the period. Firethorn Wealth Partners LLC lifted its position in Emerson Electric by 5.4% in the fourth quarter. Firethorn Wealth Partners LLC now owns 2,026 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 104 shares during the period. CX Institutional increased its holdings in Emerson Electric by 4.8% in the 4th quarter. CX Institutional now owns 16,491 shares of the industrial products company’s stock valued at $2,044,000 after buying an additional 756 shares during the period. Southland Equity Partners LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $211,000. Finally, LexAurum Advisors LLC lifted its holdings in shares of Emerson Electric by 3.3% during the 4th quarter. LexAurum Advisors LLC now owns 4,777 shares of the industrial products company’s stock worth $592,000 after acquiring an additional 151 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on EMR shares. Royal Bank of Canada dropped their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Finally, Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $135.89.

Emerson Electric Trading Down 0.4 %

EMR opened at $130.62 on Friday. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The company has a market cap of $74.39 billion, a price-to-earnings ratio of 38.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. 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 has a 50 day simple moving average of $127.10 and a 200 day simple moving average of $115.91.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid 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 dividend yield of 1.62%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is 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.