Inspire Investing LLC Cuts Stock Position in Emerson Electric Co. (NYSE:EMR)

Inspire Investing LLC decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,404 shares of the industrial products company’s stock after selling 108 shares during the period. Emerson Electric comprises approximately 0.7% of Inspire Investing LLC’s holdings, making the stock its 19th biggest holding. Inspire Investing LLC’s holdings in Emerson Electric were worth $6,494,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. grew its holdings in Emerson Electric by 8.4% during the 2nd quarter. Sei Investments Co. now owns 263,161 shares of the industrial products company’s stock worth $28,985,000 after acquiring an additional 20,332 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Emerson Electric by 1.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 29,956 shares of the industrial products company’s stock valued at $3,301,000 after buying an additional 347 shares during the period. Ensign Peak Advisors Inc boosted its holdings in shares of Emerson Electric by 4.9% in the 2nd quarter. Ensign Peak Advisors Inc now owns 53,718 shares of the industrial products company’s stock valued at $5,918,000 after buying an additional 2,485 shares during the period. Gabelli Funds LLC boosted its holdings in shares of Emerson Electric by 1.9% in the 2nd quarter. Gabelli Funds LLC now owns 5,380 shares of the industrial products company’s stock valued at $593,000 after buying an additional 100 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Emerson Electric by 75.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,613 shares of the industrial products company’s stock valued at $306,000 after buying an additional 1,126 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In other Emerson Electric 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 sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $130.02 on Thursday. The stock has a market capitalization of $74.05 billion, a price-to-earnings ratio of 38.02, a PEG ratio of 2.21 and a beta of 1.35. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85. The firm has a fifty day simple moving average of $126.98 and a 200-day simple moving average of $115.65. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid 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 yield of 1.62%. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Oppenheimer boosted their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Royal Bank of Canada dropped their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, Barclays boosted their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Company 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.