Emerson Electric Co. (NYSE:EMR) Shares Sold by Brave Asset Management Inc.

Brave Asset Management Inc. decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 6.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,966 shares of the industrial products company’s stock after selling 365 shares during the quarter. Brave Asset Management Inc.’s holdings in Emerson Electric were worth $615,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Covea Finance acquired a new stake in Emerson Electric in the fourth quarter worth about $28,256,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Emerson Electric by 64.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 22,861 shares of the industrial products company’s stock valued at $2,833,000 after purchasing an additional 8,925 shares during the last quarter. Kathmere Capital Management LLC acquired a new stake in Emerson Electric in the 4th quarter worth approximately $498,000. Fifth Third Wealth Advisors LLC grew its position in Emerson Electric by 2.6% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 11,711 shares of the industrial products company’s stock worth $1,451,000 after purchasing an additional 299 shares during the last quarter. Finally, Pines Wealth Management LLC purchased a new position in shares of Emerson Electric in the fourth quarter worth $204,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the company’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 completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

Emerson Electric Stock Up 0.8 %

Shares of EMR opened at $120.75 on Thursday. The stock has a 50 day moving average price of $127.30 and a 200 day moving average price of $115.01. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The stock has a market capitalization of $68.77 billion, a price-to-earnings ratio of 35.31, a PEG ratio of 2.19 and a beta of 1.35. 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 announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Friday, November 15th. Emerson Electric’s payout ratio is currently 61.70%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Barclays lifted their price target on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. UBS Group started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. Wells Fargo & Company lowered their price target on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.89.

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.