Emerson Electric Co. (NYSE:EMR) Shares Sold by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. lowered its stake in Emerson Electric Co. (NYSE:EMR) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,907 shares of the industrial products company’s stock after selling 497 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in Emerson Electric were worth $608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new position in Emerson Electric during the 3rd quarter worth approximately $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric during the fourth quarter worth $27,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric in the third quarter valued at $29,000. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric during the 3rd quarter worth about $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth about $33,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

NYSE EMR opened at $128.89 on Tuesday. The business has a 50 day moving average price of $127.10 and a 200 day moving average price of $115.98. 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 capitalization of $73.41 billion, a P/E ratio of 37.69, a PEG 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.64%. Emerson Electric’s payout ratio is currently 61.70%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EMR. KeyCorp boosted their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Jefferies Financial Group began coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted 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. UBS Group assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. Finally, Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Insider Activity at Emerson Electric

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

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.