Emerson Electric Co. (NYSE:EMR) Shares Sold by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. decreased its position in Emerson Electric Co. (NYSE:EMR) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,536 shares of the industrial products company’s stock after selling 800 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Emerson Electric were worth $562,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in Emerson Electric during the third quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the third quarter valued at approximately $29,000. Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $33,000. Frazier Financial Advisors LLC purchased a new position in Emerson Electric during the 3rd quarter worth approximately $33,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Emerson Electric during the 3rd quarter valued at $43,000. Institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. KeyCorp lifted their price target on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. 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 on the stock. BNP Paribas began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target for the company. Royal Bank of Canada dropped their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, Loop Capital boosted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $124.65 on Tuesday. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85. The company has a market cap of $70.99 billion, a P/E ratio of 36.45, a P/E/G ratio of 1.98 and a beta of 1.35. The business’s 50 day moving average is $127.05 and its two-hundred day moving average is $115.31. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

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 given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.69%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred 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 of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by company 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.