Penbrook Management LLC Has $669,000 Stake in Emerson Electric Co. (NYSE:EMR)

Penbrook Management LLC trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 6.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,400 shares of the industrial products company’s stock after selling 400 shares during the quarter. Penbrook Management LLC’s holdings in Emerson Electric were worth $669,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric during the 3rd quarter valued at about $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric in the fourth quarter valued at about $27,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the 3rd quarter worth approximately $29,000. Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric during the 3rd quarter worth approximately $33,000. Finally, Frazier Financial Advisors LLC bought a new stake in Emerson Electric in the third quarter valued at $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on EMR. KeyCorp upped their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday. They set an “outperform” rating and a $147.00 price target on the stock. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Robert W. Baird increased their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. cut their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $136.45.

Insiders Place Their Bets

In other Emerson Electric 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

Emerson Electric Stock Down 0.8 %

Shares of NYSE EMR opened at $128.92 on Thursday. The firm has a 50 day moving average price of $127.10 and a 200 day moving average price of $116.19. 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 has a market cap of $73.42 billion, a P/E ratio of 37.70, a P/E/G ratio of 2.22 and a beta of 1.35. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week high of $134.85.

Emerson Electric Increases Dividend

The company also recently disclosed 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 represents a $2.11 dividend on an annualized basis and a dividend yield of 1.64%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 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.