Pingora Partners LLC Sells 90 Shares of Emerson Electric Co. (NYSE:EMR)

Pingora Partners LLC lowered its position in Emerson Electric Co. (NYSE:EMR) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,120 shares of the industrial products company’s stock after selling 90 shares during the period. Pingora Partners LLC’s holdings in Emerson Electric were worth $122,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric in the third quarter worth $25,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the 3rd quarter valued at $29,000. Meeder Asset Management Inc. boosted its stake in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares during the period. Morton Brown Family Wealth LLC bought a new stake in shares of Emerson Electric during the third quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Emerson Electric in the 3rd quarter worth $33,000. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Oppenheimer increased their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Morgan Stanley assumed coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their target price for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Wells Fargo & Company lifted 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. Finally, Royal Bank of Canada lowered their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $131.11.

Emerson Electric Stock Performance

Shares of EMR opened at $133.38 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $117.99 and a 200 day moving average price of $111.67. Emerson Electric Co. has a 52-week low of $87.59 and a 52-week high of $134.17. The firm has a market capitalization of $75.96 billion, a PE ratio of 39.00, a P/E/G ratio of 2.25 and a beta of 1.34.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.5275 dividend. The ex-dividend date is Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.58%. Emerson Electric’s dividend payout ratio is 61.70%.

Insider Buying and Selling

In related 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 value of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was 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. 0.25% of the stock is currently owned by corporate insiders.

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.