Hudson Valley Investment Advisors Inc. ADV Trims Holdings in Emerson Electric Co. (NYSE:EMR)

Hudson Valley Investment Advisors Inc. ADV reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.9% during the 4th quarter, HoldingsChannel reports. The firm owned 10,607 shares of the industrial products company’s stock after selling 100 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Emerson Electric were worth $1,315,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Creative Financial Designs Inc. ADV increased its holdings in Emerson Electric by 0.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company’s stock valued at $2,016,000 after buying an additional 97 shares in the last quarter. Wedmont Private Capital increased its stake in Emerson Electric by 2.0% in the 3rd quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock valued at $557,000 after purchasing an additional 99 shares in the last quarter. Unison Advisors LLC boosted its position in Emerson Electric by 0.5% during the third quarter. Unison Advisors LLC now owns 21,115 shares of the industrial products company’s stock worth $2,309,000 after purchasing an additional 99 shares in the last quarter. Chesapeake Wealth Management increased its position in shares of Emerson Electric by 5.5% in the second 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 in the last quarter. Finally, Gabelli Funds LLC raised 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 buying an additional 100 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Trading Down 0.2 %

NYSE:EMR opened at $120.45 on Friday. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85. The business’s 50-day moving average is $126.90 and its two-hundred day moving average is $114.70. 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 $68.60 billion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 2.19 and a beta of 1.34.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.75%. Emerson Electric’s payout ratio is 61.70%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EMR. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Loop Capital upped their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Stephens downgraded 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. Jefferies Financial Group initiated coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. Finally, Barclays boosted their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $134.84.

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.