TrueWealth Advisors LLC Sells 3,101 Shares of Emerson Electric Co. (NYSE:EMR)

TrueWealth Advisors LLC lessened its stake in Emerson Electric Co. (NYSE:EMR) by 55.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,477 shares of the industrial products company’s stock after selling 3,101 shares during the period. TrueWealth Advisors LLC’s holdings in Emerson Electric were worth $307,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Newport Trust Company LLC purchased a new position in shares of Emerson Electric in the second quarter valued at about $574,908,000. Pathway Financial Advisers LLC grew its stake in shares of Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after purchasing an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp increased its holdings in Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the period. State Street Corp lifted its holdings in Emerson Electric by 6.2% in 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 during the period. Finally, Swedbank AB grew its position in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after buying an additional 1,424,800 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated 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 completion of the sale, the senior vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EMR. Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Robert W. Baird raised their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. UBS Group began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. KeyCorp raised their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, Barclays increased their target price 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $135.89.

Emerson Electric Trading Up 1.1 %

Shares of NYSE EMR opened at $124.65 on Friday. The firm’s 50 day moving average price is $127.10 and its 200-day moving average price is $115.11. 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 company has a market cap of $70.99 billion, a PE ratio of 36.45, a P/E/G ratio of 1.98 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. Shareholders of record on Friday, November 15th were issued a $0.5275 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.69%. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

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.