West Coast Financial LLC Decreases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

West Coast Financial LLC lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 8.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,095 shares of the industrial products company’s stock after selling 200 shares during the period. West Coast Financial LLC’s holdings in Emerson Electric were worth $260,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in Emerson Electric in the 3rd quarter worth $25,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric during the third quarter valued at $29,000. Morton Brown Family Wealth LLC bought a new stake in shares of Emerson Electric in the 3rd quarter worth about $33,000. Frazier Financial Advisors LLC purchased a new stake in shares of Emerson Electric in the third quarter valued at $33,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $43,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. BNP Paribas began coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. Wells Fargo & Company cut their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. KeyCorp boosted their price target on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Loop Capital raised their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $135.89.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction that occurred on 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. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.50% of the company’s stock.

Emerson Electric Stock Up 0.8 %

Emerson Electric stock opened at $120.72 on Thursday. The stock has a market cap of $68.75 billion, a PE ratio of 35.30, a P/E/G ratio of 1.98 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85. The stock’s fifty day moving average is $127.30 and its two-hundred day moving average is $115.01.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a $0.5275 dividend. The ex-dividend date was Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.75%. Emerson Electric’s payout ratio is 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.