Ingalls & Snyder LLC Sells 2,025 Shares of Emerson Electric Co. (NYSE:EMR)

Ingalls & Snyder LLC lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 5.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,191 shares of the industrial products company’s stock after selling 2,025 shares during the quarter. Ingalls & Snyder LLC’s holdings in Emerson Electric were worth $3,521,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of EMR. Capital Performance Advisors LLP acquired a new stake in Emerson Electric during the 3rd quarter worth $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the third quarter worth about $29,000. Meeder Asset Management Inc. grew its position 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 valued at $33,000 after purchasing an additional 235 shares during the period. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric during the 3rd quarter worth approximately $33,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Emerson Electric during the 3rd quarter worth approximately $33,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EMR. Deutsche Bank Aktiengesellschaft increased their price objective 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. Morgan Stanley assumed coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. Barclays upped their price objective on Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Oppenheimer lifted 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. Finally, Wells Fargo & Company raised their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.11.

Emerson Electric Stock Performance

Emerson Electric stock traded down $1.17 during midday trading on Tuesday, reaching $132.60. 329,632 shares of the company’s stock were exchanged, compared to its average volume of 2,736,506. 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 simple moving average is $116.88 and its 200 day simple moving average is $111.38. The firm has a market cap of $75.61 billion, a price-to-earnings ratio of 39.11, a P/E/G ratio of 2.23 and a beta of 1.34. Emerson Electric Co. has a 52 week low of $87.59 and a 52 week high of $134.17.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change 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 1.59%. Emerson Electric’s payout ratio is presently 61.70%.

Insider Buying and Selling 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 value of $2,711,289.00. Following the transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.25% of the company’s stock.

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.