Emerson Electric Co. (NYSE:EMR) Shares Sold by Smith Salley Wealth Management

Smith Salley Wealth Management lessened its stake in Emerson Electric Co. (NYSE:EMR) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,896 shares of the industrial products company’s stock after selling 450 shares during the period. Smith Salley Wealth Management’s holdings in Emerson Electric were worth $3,085,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EMR. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric during the third quarter worth about $25,000. Darwin Wealth Management LLC bought a new position in Emerson Electric during the 3rd quarter worth approximately $29,000. Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric in the 3rd quarter worth approximately $33,000. Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter valued at approximately $33,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Emerson Electric in the third quarter worth $43,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

EMR stock opened at $124.65 on Friday. Emerson Electric Co. has a one year low of $91.64 and a one year high of $134.85. The firm has a 50-day moving average of $127.05 and a two-hundred day moving average of $115.22. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $70.99 billion, a PE ratio of 36.45, a P/E/G ratio of 1.98 and a beta of 1.35.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.69%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is presently 61.70%.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the 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 owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EMR has been the topic of a number of recent research reports. Jefferies Financial Group began coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. Wells Fargo & Company lowered their target price on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. BNP Paribas assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective for the company. KeyCorp boosted their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus 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.