AMG National Trust Bank Lowers Stock Holdings in Emerson Electric Co. (NYSE:EMR)

AMG National Trust Bank lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 5.4% during the third quarter, HoldingsChannel reports. The firm owned 7,976 shares of the industrial products company’s stock after selling 459 shares during the quarter. AMG National Trust Bank’s holdings in Emerson Electric were worth $872,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $25,000. Transcendent Capital Group LLC acquired a new position in Emerson Electric in the first quarter valued at $31,000. Frazier Financial Advisors LLC acquired a new stake in Emerson Electric during the third quarter worth about $33,000. Meeder Asset Management Inc. raised its holdings 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 worth $33,000 after purchasing an additional 235 shares during the period. Finally, Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR opened at $129.56 on Wednesday. Emerson Electric Co. has a 52 week low of $87.55 and a 52 week high of $131.56. 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 cap of $73.88 billion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.13 and a beta of 1.30. The stock has a 50 day moving average of $112.34 and a 200-day moving average of $110.32.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis 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 of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio is 61.70%.

Analyst Ratings Changes

Several research firms recently commented on EMR. Oppenheimer raised their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Barclays upped their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company boosted their price target on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $130.00.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

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.