Foster Victor Wealth Advisors LLC Reduces Stake in Emerson Electric Co. (NYSE:EMR)

Foster Victor Wealth Advisors LLC trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 1.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 115,674 shares of the industrial products company’s stock after selling 2,190 shares during the period. Emerson Electric comprises approximately 1.1% of Foster Victor Wealth Advisors LLC’s holdings, making the stock its 29th largest position. Foster Victor Wealth Advisors LLC’s holdings in Emerson Electric were worth $14,405,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Asset Dedication LLC increased its position in Emerson Electric by 15.8% during the fourth quarter. Asset Dedication LLC now owns 1,793 shares of the industrial products company’s stock valued at $222,000 after acquiring an additional 245 shares during the last quarter. Twelve Points Wealth Management LLC grew its holdings in Emerson Electric by 12.8% during the 4th quarter. Twelve Points Wealth Management LLC now owns 10,732 shares of the industrial products company’s stock valued at $1,330,000 after purchasing an additional 1,218 shares during the last quarter. Capital Investment Counsel LLC raised its position in Emerson Electric by 1.1% in the 4th quarter. Capital Investment Counsel LLC now owns 48,819 shares of the industrial products company’s stock worth $6,050,000 after purchasing an additional 548 shares during the period. Stonegate Investment Group LLC lifted its stake in Emerson Electric by 5.1% in the fourth quarter. Stonegate Investment Group LLC now owns 9,655 shares of the industrial products company’s stock worth $1,197,000 after purchasing an additional 470 shares during the last quarter. Finally, Curbstone Financial Management Corp grew its stake in shares of Emerson Electric by 12.9% during the fourth quarter. Curbstone Financial Management Corp now owns 4,382 shares of the industrial products company’s stock valued at $543,000 after buying an additional 500 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. KeyCorp raised their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Jefferies Financial Group started coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research report on Tuesday. They issued an “outperform” rating and a $147.00 price objective for the company. Finally, Royal Bank of Canada reduced their target price on shares of 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 issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $136.45.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the company’s 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $130.06 on Wednesday. Emerson Electric Co. has a one year low of $91.64 and a one year high of $134.85. The company has a market capitalization of $74.07 billion, a PE ratio of 38.03, a P/E/G ratio of 2.22 and a beta of 1.35. 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 company has a 50-day simple moving average of $127.10 and a two-hundred day simple moving average of $116.19.

Emerson Electric Increases Dividend

The company also recently announced 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 is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.62%. Emerson Electric’s dividend payout ratio is presently 61.70%.

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.