Crestmont Private Wealth LLC Reduces Stock Position in Emerson Electric Co. (NYSE:EMR)

Crestmont Private Wealth LLC cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 18.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,133 shares of the industrial products company’s stock after selling 492 shares during the quarter. Crestmont Private Wealth LLC’s holdings in Emerson Electric were worth $264,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Pines Wealth Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $204,000. SeaCrest Wealth Management LLC increased its holdings in shares of Emerson Electric by 6.2% in the 4th quarter. SeaCrest Wealth Management LLC now owns 11,086 shares of the industrial products company’s stock valued at $1,374,000 after acquiring an additional 651 shares during the last quarter. Mayfair Advisory Group LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $239,000. 180 Wealth Advisors LLC increased its holdings in shares of Emerson Electric by 1.5% in the 4th quarter. 180 Wealth Advisors LLC now owns 26,646 shares of the industrial products company’s stock valued at $3,302,000 after acquiring an additional 388 shares during the last quarter. Finally, Marcum Wealth LLC increased its holdings in shares of 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 acquiring an additional 550 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EMR has been the subject of a number of research analyst reports. KeyCorp boosted their price target on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. BNP Paribas started coverage on Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective for the company. Finally, Jefferies Financial Group initiated coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.84.

Emerson Electric Trading Up 1.1 %

Shares of NYSE EMR opened at $119.80 on Wednesday. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85. The company has a market cap of $68.23 billion, a price-to-earnings ratio of 35.03, a P/E/G ratio of 2.19 and a beta of 1.35. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $127.30 and a 200-day simple moving average of $115.01.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio is currently 61.70%.

Insider Buying and Selling

In related 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 directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.50% 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.