Emerson Electric Co. (NYSE:EMR) Shares Sold by St. Louis Trust Co

St. Louis Trust Co trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 17.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,973 shares of the industrial products company’s stock after selling 1,891 shares during the period. St. Louis Trust Co’s holdings in Emerson Electric were worth $981,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the third quarter worth $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Emerson Electric during the 1st quarter valued at $31,000. Meeder Asset Management Inc. boosted its position in shares of 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 purchasing an additional 235 shares during the period. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric in the third quarter worth approximately $33,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Emerson Electric during the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Barclays raised their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer upped their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, Wells Fargo & Company raised their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric Stock Up 1.9 %

EMR stock opened at $129.20 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The company has a 50-day moving average of $111.73 and a two-hundred day moving average of $110.16. The stock has a market capitalization of $73.67 billion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 2.13 and a beta of 1.30. Emerson Electric Co. has a 52-week low of $87.55 and a 52-week high of $131.56.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.63%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio is currently 61.40%.

Emerson Electric 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.