Flagship Harbor Advisors LLC Has $871,000 Holdings in Emerson Electric Co. (NYSE:EMR)

Flagship Harbor Advisors LLC decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 12.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,031 shares of the industrial products company’s stock after selling 1,019 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Emerson Electric were worth $871,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Insight Inv LLC raised its holdings in shares of Emerson Electric by 5.4% in the fourth quarter. Insight Inv LLC now owns 16,480 shares of the industrial products company’s stock valued at $2,042,000 after buying an additional 850 shares during the last quarter. Advocate Group LLC raised its stake in shares of Emerson Electric by 8.2% in the fourth quarter. Advocate Group LLC now owns 73,751 shares of the industrial products company’s stock worth $9,140,000 after acquiring an additional 5,619 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Emerson Electric by 1.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 45,892 shares of the industrial products company’s stock worth $5,687,000 after purchasing an additional 869 shares in the last quarter. Firethorn Wealth Partners LLC increased its holdings in shares of Emerson Electric by 5.4% in the fourth quarter. Firethorn Wealth Partners LLC now owns 2,026 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 104 shares in the last quarter. Finally, CX Institutional raised its position in Emerson Electric by 4.8% in the 4th quarter. CX Institutional now owns 16,491 shares of the industrial products company’s stock worth $2,044,000 after purchasing an additional 756 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EMR shares. BNP Paribas started coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. Wells Fargo & Company dropped their price objective on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada dropped their target price on shares of 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 thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.89.

Emerson Electric Stock Down 1.3 %

Shares of EMR stock opened at $128.89 on Tuesday. The company has a market capitalization of $73.41 billion, a price-to-earnings ratio of 37.69, a P/E/G ratio of 2.22 and a beta of 1.35. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85. The firm has a fifty day moving average of $127.10 and a 200-day moving average of $115.98. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.64%. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.50% of the stock is owned by insiders.

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.