Thomasville National Bank Cuts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Thomasville National Bank reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,996 shares of the industrial products company’s stock after selling 766 shares during the period. Thomasville National Bank’s holdings in Emerson Electric were worth $5,700,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares in the last quarter. Wellington Management Group LLP raised its holdings in Emerson Electric by 4.2% during the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock worth $1,591,612,000 after purchasing an additional 581,102 shares in the last quarter. Geode Capital Management LLC grew its position in Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after buying an additional 162,985 shares during the period. Nordea Investment Management AB grew its position in Emerson Electric by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock worth $871,083,000 after buying an additional 375,470 shares during the period. Finally, Newport Trust Company LLC acquired a new position in Emerson Electric during the second quarter worth about $574,908,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

NYSE:EMR traded down $0.47 during mid-day trading on Monday, hitting $117.47. The stock had a trading volume of 659,008 shares, compared to its average volume of 2,184,376. The stock has a market capitalization of $66.90 billion, a price-to-earnings ratio of 34.35, a P/E/G ratio of 2.19 and a beta of 1.35. The company has a 50 day simple moving average of $127.08 and a 200-day simple moving average of $114.87. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

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 is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.80%. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Insider Activity at Emerson Electric

In other Emerson Electric 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 sale, the senior vice president now directly 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EMR. Oppenheimer upped their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. UBS Group initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. BNP Paribas initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price on the stock. Finally, KeyCorp raised their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.84.

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.