Emerson Electric Co. (NYSE:EMR) Shares Sold by Neo Ivy Capital Management

Neo Ivy Capital Management lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 93.0% during the third quarter, HoldingsChannel reports. The fund owned 2,342 shares of the industrial products company’s stock after selling 31,226 shares during the period. Neo Ivy Capital Management’s holdings in Emerson Electric were worth $256,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric in the 3rd quarter valued at about $25,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric in the third quarter valued at about $29,000. Frazier Financial Advisors LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $33,000. Meeder Asset Management Inc. increased its stake in 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 in the last quarter. Finally, Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the third quarter worth $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is owned by insiders.

Emerson Electric Trading Up 1.4 %

Shares of EMR opened at $130.90 on Thursday. The stock’s fifty day simple moving average is $120.33 and its 200 day simple moving average is $112.30. The firm has a market capitalization of $74.55 billion, a P/E ratio of 38.27, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. 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 Co. has a twelve month low of $89.17 and a twelve month high of $134.85.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors 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 annualized dividend and a yield of 1.61%. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on EMR shares. UBS Group began coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target for the company. Barclays lifted their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Morgan Stanley began coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, KeyCorp increased their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $133.17.

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.