Lake Street Private Wealth LLC Decreases Position in Emerson Electric Co. (NYSE:EMR)

Lake Street Private Wealth LLC reduced its stake in Emerson Electric Co. (NYSE:EMR) by 20.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,374 shares of the industrial products company’s stock after selling 857 shares during the period. Lake Street Private Wealth LLC’s holdings in Emerson Electric were worth $418,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Whitener Capital Management Inc. boosted its stake in Emerson Electric by 1.0% in the fourth quarter. Whitener Capital Management Inc. now owns 20,565 shares of the industrial products company’s stock valued at $2,549,000 after acquiring an additional 208 shares in the last quarter. Albert D Mason Inc. boosted its position in shares of Emerson Electric by 2.3% in the 4th quarter. Albert D Mason Inc. now owns 12,833 shares of the industrial products company’s stock valued at $1,590,000 after purchasing an additional 283 shares during the period. Somerset Trust Co grew its stake in Emerson Electric by 1.7% during the 4th quarter. Somerset Trust Co now owns 26,092 shares of the industrial products company’s stock worth $3,234,000 after buying an additional 443 shares during the last quarter. Merit Financial Group LLC lifted its stake in Emerson Electric by 59.4% in the fourth quarter. Merit Financial Group LLC now owns 23,695 shares of the industrial products company’s stock valued at $2,937,000 after buying an additional 8,834 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC boosted its holdings in shares of Emerson Electric by 39.6% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,377 shares of the industrial products company’s stock valued at $914,000 after acquiring an additional 2,093 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the business’s 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 completion of the sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on EMR shares. KeyCorp upped their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Royal Bank of Canada lowered their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Loop Capital increased their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. JPMorgan Chase & Co. dropped their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Emerson Electric Trading Up 1.1 %

Shares of EMR opened at $124.65 on Friday. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The stock has a fifty day moving average of $127.05 and a two-hundred day moving average of $115.22. 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 company has a market capitalization of $70.99 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis 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 presently 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.