John G Ullman & Associates Inc. Cuts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

John G Ullman & Associates Inc. trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.2% during the third quarter, Holdings Channel.com reports. The firm owned 297,613 shares of the industrial products company’s stock after selling 3,734 shares during the period. Emerson Electric accounts for 4.7% of John G Ullman & Associates Inc.’s holdings, making the stock its biggest position. John G Ullman & Associates Inc.’s holdings in Emerson Electric were worth $32,550,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Newport Trust Company LLC purchased a new position in shares of Emerson Electric during the second quarter valued at approximately $574,908,000. Legal & General Group Plc boosted its holdings in Emerson Electric by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock worth $496,877,000 after acquiring an additional 224,784 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after acquiring an additional 2,016,075 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Emerson Electric by 3.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,738,701 shares of the industrial products company’s stock valued at $297,653,000 after purchasing an additional 88,294 shares in the last quarter. Finally, Swedbank AB boosted its holdings in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the topic of several recent analyst reports. Robert W. Baird lifted 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. Royal Bank of Canada cut their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Barclays lifted their target price on Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Finally, Oppenheimer boosted their target price 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric Trading Down 0.4 %

Shares of Emerson Electric stock opened at $129.10 on Thursday. The company’s 50-day moving average price is $112.92 and its 200-day moving average price is $110.45. The company has a market cap of $73.61 billion, a price-to-earnings ratio of 37.75, a PEG ratio of 2.17 and a beta of 1.30. Emerson Electric Co. has a 12-month low of $87.55 and a 12-month high of $131.56. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.63%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.25% of the company’s stock.

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.