Emerson Electric Co. (NYSE:EMR) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 39.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,394 shares of the industrial products company’s stock after selling 12,600 shares during the quarter. Everence Capital Management Inc.’s holdings in Emerson Electric were worth $2,403,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TIAA Trust National Association boosted its holdings in shares of Emerson Electric by 1.5% in the second quarter. TIAA Trust National Association now owns 31,601 shares of the industrial products company’s stock valued at $3,481,000 after acquiring an additional 461 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in Emerson Electric during the second quarter worth $936,000. Oregon Public Employees Retirement Fund grew its holdings in Emerson Electric by 0.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 49,144 shares of the industrial products company’s stock valued at $5,414,000 after purchasing an additional 234 shares during the last quarter. Cozad Asset Management Inc. increased its position in shares of Emerson Electric by 7.0% in the second quarter. Cozad Asset Management Inc. now owns 4,098 shares of the industrial products company’s stock valued at $451,000 after buying an additional 267 shares in the last quarter. Finally, Simon Quick Advisors LLC raised its stake in shares of Emerson Electric by 7.1% during the 2nd quarter. Simon Quick Advisors LLC now owns 2,041 shares of the industrial products company’s stock worth $225,000 after buying an additional 135 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

Emerson Electric Price Performance

Emerson Electric stock traded up $0.54 during trading hours on Friday, hitting $122.72. 368,966 shares of the company traded hands, compared to its average volume of 1,075,598. The firm’s 50-day simple moving average is $125.63 and its two-hundred day simple moving average is $114.25. The firm has a market cap of $69.89 billion, a P/E ratio of 35.88, a P/E/G ratio of 2.20 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 company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, November 15th. 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 1.72%. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley initiated coverage on Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target for the company. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Finally, Royal Bank of Canada dropped their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $134.58.

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.