Emerson Electric Co. (NYSE:EMR) Shares Sold by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 64.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,815 shares of the industrial products company’s stock after selling 10,642 shares during the period. Premier Path Wealth Partners LLC’s holdings in Emerson Electric were worth $721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV raised its stake in shares of Emerson Electric by 0.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company’s stock worth $2,016,000 after buying an additional 97 shares in the last quarter. Wedmont Private Capital grew its holdings 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 acquiring an additional 99 shares during the period. Unison Advisors LLC lifted its holdings in Emerson Electric by 0.5% in the third quarter. Unison Advisors LLC now owns 21,115 shares of the industrial products company’s stock valued at $2,309,000 after acquiring an additional 99 shares during the period. Chesapeake Wealth Management boosted its position in shares of Emerson Electric by 5.5% during the 2nd quarter. Chesapeake Wealth Management now owns 1,930 shares of the industrial products company’s stock worth $213,000 after purchasing an additional 100 shares in the last quarter. Finally, Gabelli Funds LLC grew its stake in shares of 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 purchasing an additional 100 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Royal Bank of Canada decreased their target price 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. Robert W. Baird raised their price target on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. BNP Paribas started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. Finally, UBS Group initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Stock Performance

Shares of EMR stock opened at $124.65 on Friday. The company’s fifty day moving average price is $127.05 and its two-hundred day moving average price is $115.22. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The firm has a market capitalization of $70.99 billion, a P/E ratio of 36.45, a P/E/G ratio of 1.98 and a beta of 1.35. Emerson Electric Co. has a 12 month low of $91.64 and a 12 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. The ex-dividend date was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.69%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 61.70%.

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 completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, 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 hyperlink. 0.50% of the stock is owned by company insiders.

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.