Mattern Wealth Management LLC Reduces Stake in Emerson Electric Co. (NYSE:EMR)

Mattern Wealth Management LLC trimmed its position in Emerson Electric Co. (NYSE:EMR) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,506 shares of the industrial products company’s stock after selling 305 shares during the period. Mattern Wealth Management LLC’s holdings in Emerson Electric were worth $1,922,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Thrivent Financial for Lutherans raised its stake in shares of Emerson Electric by 1.2% in the second quarter. Thrivent Financial for Lutherans now owns 29,956 shares of the industrial products company’s stock worth $3,301,000 after buying an additional 347 shares during the period. Public Sector Pension Investment Board increased its stake in Emerson Electric by 74.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 22,077 shares of the industrial products company’s stock worth $2,432,000 after buying an additional 9,443 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Emerson Electric by 43.5% in the second quarter. AQR Capital Management LLC now owns 47,192 shares of the industrial products company’s stock valued at $5,174,000 after acquiring an additional 14,301 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Emerson Electric by 1.1% during the second quarter. Mackenzie Financial Corp now owns 59,437 shares of the industrial products company’s stock worth $6,548,000 after purchasing an additional 621 shares in the last quarter. Finally, Kathmere Capital Management LLC bought a new stake in Emerson Electric during the 2nd quarter valued at approximately $202,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EMR. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company reduced their target price 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. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Loop Capital boosted their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, BNP Paribas assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.89.

Emerson Electric Trading Down 1.3 %

Shares of NYSE EMR opened at $128.89 on Tuesday. The firm has a market cap of $73.41 billion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85. 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 $127.10 and a two-hundred day simple moving average of $115.98.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, November 15th. This is an increase 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 1.64%. Emerson Electric’s dividend payout ratio is presently 61.70%.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

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.