Westhampton Capital LLC Sells 100 Shares of Emerson Electric Co. (NYSE:EMR)

Westhampton Capital LLC lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,197 shares of the industrial products company’s stock after selling 100 shares during the period. Emerson Electric accounts for about 1.2% of Westhampton Capital LLC’s portfolio, making the stock its 23rd largest position. Westhampton Capital LLC’s holdings in Emerson Electric were worth $2,255,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. First Affirmative Financial Network acquired a new stake in shares of Emerson Electric in the 4th quarter valued at about $223,000. DMC Group LLC grew its stake in Emerson Electric by 8.2% in the fourth quarter. DMC Group LLC now owns 5,129 shares of the industrial products company’s stock valued at $636,000 after acquiring an additional 390 shares during the period. Synergy Asset Management LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $70,000. Baron Wealth Management LLC lifted its holdings in shares of Emerson Electric by 4.7% in the 4th quarter. Baron Wealth Management LLC now owns 2,431 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 109 shares in the last quarter. Finally, Gries Financial LLC increased its stake in Emerson Electric by 3.9% during the 4th quarter. Gries Financial LLC now owns 7,501 shares of the industrial products company’s stock valued at $930,000 after purchasing an additional 280 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Down 0.8 %

EMR opened at $128.92 on Thursday. The company has a 50 day moving average of $127.10 and a 200 day moving average of $116.19. 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 Co. has a 12 month low of $91.64 and a 12 month high of $134.85. The company has a market cap of $73.42 billion, a PE ratio of 37.70, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35.

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 paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.64%. 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 payout ratio is presently 61.70%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EMR. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research report on Tuesday. They set an “outperform” rating and a $147.00 target price for the company. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Royal Bank of Canada decreased their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Jefferies Financial Group started coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. Finally, UBS Group initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.45.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated 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 directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by insiders.

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.