626 Financial LLC Decreases Stake in Emerson Electric Co. (NYSE:EMR)

626 Financial LLC lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,002 shares of the industrial products company’s stock after selling 142 shares during the quarter. 626 Financial LLC’s holdings in Emerson Electric were worth $1,116,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mayfair Advisory Group LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth $239,000. 180 Wealth Advisors LLC raised its stake in shares of Emerson Electric by 1.5% during the 4th quarter. 180 Wealth Advisors LLC now owns 26,646 shares of the industrial products company’s stock worth $3,302,000 after buying an additional 388 shares during the last quarter. Marcum Wealth LLC raised its stake in Emerson Electric by 10.8% in the 4th quarter. Marcum Wealth LLC now owns 5,642 shares of the industrial products company’s stock valued at $699,000 after purchasing an additional 550 shares during the last quarter. Traveka Wealth LLC raised its stake in Emerson Electric by 210.7% in the 4th quarter. Traveka Wealth LLC now owns 7,695 shares of the industrial products company’s stock valued at $954,000 after purchasing an additional 5,218 shares during the last quarter. Finally, PFW Advisors LLC acquired a new position in Emerson Electric in the 4th quarter valued at about $2,599,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EMR shares. BNP Paribas started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. UBS Group assumed coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. Oppenheimer upped their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Loop Capital upped their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, Barclays upped their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. One 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.84.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

Emerson Electric Price Performance

Emerson Electric stock opened at $119.80 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85. The firm has a market cap of $68.23 billion, a P/E ratio of 35.03, a P/E/G ratio of 2.19 and a beta of 1.35. The business’s fifty day moving average is $127.30 and its two-hundred day moving average is $115.01.

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 issued a dividend of $0.5275 per share. The ex-dividend date was 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 1.76%. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

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.