Crossmark Global Holdings Inc. Reduces Stake in Emerson Electric Co. (NYSE:EMR)

Crossmark Global Holdings Inc. decreased its position in Emerson Electric Co. (NYSE:EMR) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 155,761 shares of the industrial products company’s stock after selling 11,796 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Emerson Electric were worth $19,303,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in EMR. Capital Performance Advisors LLP purchased a new position in Emerson Electric during the third quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric during the 4th quarter valued at about $27,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric in the 3rd quarter worth approximately $29,000. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric during the third quarter valued at $33,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter valued at about $33,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

Emerson Electric stock opened at $124.65 on Tuesday. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week high of $134.85. 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 market capitalization of $70.99 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 2.12 and a beta of 1.35. The company has a fifty day simple moving average of $127.05 and a 200-day simple moving average of $115.31.

Emerson Electric Increases Dividend

The company also recently disclosed 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. This represents a $2.11 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EMR. Robert W. Baird raised their price target on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Jefferies Financial Group started coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. Royal Bank of Canada decreased their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. UBS Group assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. Finally, Barclays raised their price objective on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $135.89.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by company insiders.

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.