Hengehold Capital Management LLC Has $7.54 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Hengehold Capital Management LLC trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,830 shares of the industrial products company’s stock after selling 635 shares during the period. Hengehold Capital Management LLC’s holdings in Emerson Electric were worth $7,539,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp lifted its position in Emerson Electric by 6.2% during the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after buying an additional 1,507,980 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Emerson Electric by 4.2% during the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock worth $1,591,612,000 after purchasing an additional 581,102 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after purchasing an additional 162,985 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Emerson Electric by 5.7% in the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock valued at $871,083,000 after purchasing an additional 375,470 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Emerson Electric by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock worth $496,877,000 after purchasing an additional 224,784 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on EMR. Robert W. Baird lifted their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. KeyCorp upped their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group began coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $135.89.

Emerson Electric Trading Up 1.0 %

NYSE EMR opened at $131.20 on Friday. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85. 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 stock’s 50 day moving average price is $126.98 and its two-hundred day moving average price is $115.65. The stock has a market capitalization of $74.72 billion, a price-to-earnings ratio of 38.36, a PEG ratio of 2.21 and a beta of 1.35.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued 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 annualized dividend and a yield of 1.61%. Emerson Electric’s dividend payout ratio is presently 61.70%.

Insider Activity at Emerson Electric

In other 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 completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.50% of the stock is owned by 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.