Emerson Electric Co. (NYSE:EMR) Shares Sold by Armstrong Henry H Associates Inc.

Armstrong Henry H Associates Inc. cut its holdings in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,259 shares of the industrial products company’s stock after selling 410 shares during the period. Armstrong Henry H Associates Inc.’s holdings in Emerson Electric were worth $528,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EMR. Meeder Asset Management Inc. boosted its position in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the period. Envestnet Asset Management Inc. increased its holdings in Emerson Electric by 6.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,693,816 shares of the industrial products company’s stock valued at $186,591,000 after buying an additional 98,143 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in Emerson Electric by 8.4% in the second quarter. Brown Brothers Harriman & Co. now owns 47,924 shares of the industrial products company’s stock valued at $5,279,000 after buying an additional 3,715 shares in the last quarter. Waycross Partners LLC lifted its holdings in Emerson Electric by 13.2% during the 2nd quarter. Waycross Partners LLC now owns 151,083 shares of the industrial products company’s stock worth $16,643,000 after buying an additional 17,567 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Emerson Electric by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,796 shares of the industrial products company’s stock valued at $259,809,000 after acquiring an additional 355,106 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EMR. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. KeyCorp increased their target price 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. Robert W. Baird boosted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. BNP Paribas assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective on the stock. Finally, Loop Capital upped their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.84.

View Our Latest Report on Emerson Electric

Emerson Electric Price Performance

EMR stock opened at $118.50 on Tuesday. 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’s 50 day moving average price is $127.26 and its 200 day moving average price is $114.94. The firm has a market cap of $67.49 billion, a P/E ratio of 34.65, a PEG ratio of 2.19 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.

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 given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction 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 $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Emerson Electric Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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