Emerson Electric Co. (NYSE:EMR) Shares Bought by Trust Co. of Vermont

Trust Co. of Vermont grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 154,497 shares of the industrial products company’s stock after purchasing an additional 6,522 shares during the period. Trust Co. of Vermont’s holdings in Emerson Electric were worth $19,147,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of EMR. Wilmington Savings Fund Society FSB lifted its stake in shares of Emerson Electric by 120.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after acquiring an additional 30,741 shares during the period. Geode Capital Management LLC boosted its stake in Emerson Electric by 1.4% during the 3rd 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 in the last quarter. Bank of Montreal Can raised its stake in shares of Emerson Electric by 17.0% in the 2nd quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock worth $152,359,000 after buying an additional 194,944 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of Emerson Electric by 8.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock valued at $7,578,000 after buying an additional 5,416 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Emerson Electric by 130.0% during the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after acquiring an additional 5,393 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction on 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Stock Performance

Shares of NYSE EMR traded up $1.36 during trading hours on Friday, hitting $124.65. 4,240,144 shares of the stock were exchanged, compared to its average volume of 2,513,903. The firm has a market capitalization of $70.99 billion, a P/E ratio of 36.45, a P/E/G ratio of 1.98 and a beta of 1.35. Emerson Electric Co. has a one year low of $91.64 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The company’s 50 day moving average is $127.10 and its 200 day moving average is $115.11.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a $0.5275 dividend. The ex-dividend date of this dividend was 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 1.69%. Emerson Electric’s payout ratio is presently 61.70%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EMR. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Robert W. Baird lifted their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Barclays upped their target price on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. cut their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.89.

About Emerson Electric

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.