Evermay Wealth Management LLC Has $336,000 Stake in Emerson Electric Co. (NYSE:EMR)

Evermay Wealth Management LLC reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,712 shares of the industrial products company’s stock after selling 200 shares during the quarter. Evermay Wealth Management LLC’s holdings in Emerson Electric were worth $336,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric during the third quarter worth approximately $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric in the 4th quarter worth $27,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric during the 3rd quarter worth about $29,000. Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric during the third quarter valued at about $33,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Emerson Electric during the third quarter worth about $33,000. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research reports. Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday. They issued an “outperform” rating and a $147.00 target price for the company. Wells Fargo & Company lowered their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft increased their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.45.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.50% of the company’s stock.

Emerson Electric Price Performance

EMR opened at $129.85 on Friday. The company has a fifty day moving average price of $127.13 and a two-hundred day moving average price of $116.47. The firm has a market capitalization of $73.95 billion, a PE ratio of 37.97, a P/E/G ratio of 2.20 and a beta of 1.35. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 61.70%.

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.