Emerson Electric Co. (NYSE:EMR) Stake Lowered by Exeter Financial LLC

Exeter Financial LLC cut its holdings in Emerson Electric Co. (NYSE:EMR) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,974 shares of the industrial products company’s stock after selling 2,019 shares during the quarter. Emerson Electric makes up about 2.4% of Exeter Financial LLC’s investment portfolio, making the stock its 9th largest position. Exeter Financial LLC’s holdings in Emerson Electric were worth $5,202,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its stake in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Emerson Electric by 6.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,693,816 shares of the industrial products company’s stock worth $186,591,000 after buying an additional 98,143 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in Emerson Electric by 8.4% during the second quarter. Brown Brothers Harriman & Co. now owns 47,924 shares of the industrial products company’s stock valued at $5,279,000 after acquiring an additional 3,715 shares during the last quarter. Waycross Partners LLC boosted its stake in Emerson Electric by 13.2% in the second quarter. Waycross Partners LLC now owns 151,083 shares of the industrial products company’s stock valued at $16,643,000 after acquiring an additional 17,567 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Emerson Electric by 17.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,358,796 shares of the industrial products company’s stock worth $259,809,000 after purchasing an additional 355,106 shares during the last quarter. Hedge funds and other institutional investors 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 business’s 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 transaction, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EMR. Robert W. Baird raised their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Royal Bank of Canada dropped their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. 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 price objective for the company. Loop Capital boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One investment 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. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $134.84.

Emerson Electric Trading Up 0.5 %

Shares of EMR stock opened at $118.50 on Tuesday. The company has a market cap of $67.49 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.19 and a beta of 1.35. The stock has a 50 day simple moving average of $127.26 and a 200-day simple moving average of $114.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. 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 disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a dividend of $0.5275 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s 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.