Emerson Electric Co. (NYSE:EMR) Shares Sold by Triangle Securities Wealth Management

Triangle Securities Wealth Management reduced its stake in Emerson Electric Co. (NYSE:EMR) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,558 shares of the industrial products company’s stock after selling 388 shares during the period. Triangle Securities Wealth Management’s holdings in Emerson Electric were worth $2,548,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC lifted its position in Emerson Electric by 2.8% in the fourth quarter. Ameritas Advisory Services LLC now owns 15,516 shares of the industrial products company’s stock worth $1,923,000 after purchasing an additional 429 shares during the period. HB Wealth Management LLC raised its stake in shares of Emerson Electric by 14.1% in the 4th quarter. HB Wealth Management LLC now owns 29,374 shares of the industrial products company’s stock worth $3,640,000 after buying an additional 3,636 shares in the last quarter. Trust Co. of Vermont lifted its holdings in Emerson Electric by 4.4% in the 4th quarter. Trust Co. of Vermont now owns 154,497 shares of the industrial products company’s stock valued at $19,147,000 after acquiring an additional 6,522 shares during the last quarter. CGN Advisors LLC acquired a new position in shares of Emerson Electric in the 4th quarter worth approximately $281,000. Finally, Howard Financial Services LTD. bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $274,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.1 %

Shares of EMR stock opened at $124.65 on Friday. The company has a market capitalization of $70.99 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 1.98 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The stock’s 50 day simple moving average is $127.05 and its 200 day simple moving average is $115.22. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85.

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 paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.69%. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Analyst Upgrades and Downgrades

EMR has been the subject of several research reports. JPMorgan Chase & Co. reduced their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday. Wells Fargo & Company decreased their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Loop Capital raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, UBS Group began coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.89.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated 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 owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate 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.