Emerson Electric Co. (NYSE:EMR) Shares Sold by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,145 shares of the industrial products company’s stock after selling 946 shares during the quarter. Emerson Electric accounts for 2.0% of Murphy Pohlad Asset Management LLC’s holdings, making the stock its 9th largest position. Murphy Pohlad Asset Management LLC’s holdings in Emerson Electric were worth $4,727,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction on 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 completion of the sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Trading Down 0.8 %

NYSE EMR opened at $128.92 on Thursday. The firm has a 50 day simple moving average of $127.10 and a 200-day simple moving average of $116.19. The firm has a market cap of $73.42 billion, a price-to-earnings ratio of 37.70, a PEG ratio of 2.22 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. Emerson Electric Co. has a one year low of $91.64 and a one year high of $134.85.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.64%. Emerson Electric’s dividend payout ratio is 61.70%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. KeyCorp boosted their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Loop Capital lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Robert W. Baird lifted their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. 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 research note on Wednesday, November 6th. Finally, Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $136.45.

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.