Emerson Electric Co. (NYSE:EMR) Shares Sold by Canoe Financial LP

Canoe Financial LP decreased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 448,374 shares of the industrial products company’s stock after selling 1,237 shares during the quarter. Canoe Financial LP’s holdings in Emerson Electric were worth $55,567,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised its stake in Emerson Electric by 0.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company’s stock worth $2,016,000 after purchasing an additional 97 shares during the period. Unison Advisors LLC lifted its holdings in shares of Emerson Electric by 0.5% in the 3rd quarter. Unison Advisors LLC now owns 21,115 shares of the industrial products company’s stock worth $2,309,000 after acquiring an additional 99 shares during the last quarter. Wedmont Private Capital lifted its stake in Emerson Electric by 2.0% during the third quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock worth $557,000 after purchasing an additional 99 shares in the last quarter. Chesapeake Wealth Management raised its holdings in shares of Emerson Electric by 5.5% in the 2nd quarter. Chesapeake Wealth Management now owns 1,930 shares of the industrial products company’s stock valued at $213,000 after buying an additional 100 shares during the period. Finally, Gabelli Funds LLC lifted its stake in Emerson Electric by 1.9% during the 2nd quarter. Gabelli Funds LLC now owns 5,380 shares of the industrial products company’s stock worth $593,000 after acquiring an additional 100 shares in the last quarter. 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 firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now directly 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 link. 0.50% of the stock is currently owned by corporate insiders.

Emerson Electric Price Performance

Shares of EMR opened at $124.65 on Friday. The firm has a fifty day moving average price of $127.10 and a 200 day moving average price of $115.11. The stock has a market cap of $70.99 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. Emerson Electric Co. has a 1-year low of $91.64 and a 1-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.

Emerson Electric Increases Dividend

The company also recently announced 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 dividend yield of 1.69%. Emerson Electric’s dividend payout ratio is 61.70%.

Analysts Set New Price Targets

EMR has been the topic of a number of recent research reports. Oppenheimer boosted their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Loop Capital increased 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. 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 on the stock. JPMorgan Chase & Co. decreased their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, BNP Paribas started coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Emerson Electric 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.