Emerson Electric Co. (NYSE:EMR) Stake Decreased by Greenfield Savings Bank

Greenfield Savings Bank reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 4.3% during the 4th quarter, Holdings Channel reports. The fund owned 6,090 shares of the industrial products company’s stock after selling 272 shares during the quarter. Greenfield Savings Bank’s holdings in Emerson Electric were worth $755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Marcum Wealth LLC increased its position in Emerson Electric by 10.8% in the 4th quarter. Marcum Wealth LLC now owns 5,642 shares of the industrial products company’s stock valued at $699,000 after acquiring an additional 550 shares during the period. Traveka Wealth LLC increased its position in Emerson Electric by 210.7% in the 4th quarter. Traveka Wealth LLC now owns 7,695 shares of the industrial products company’s stock valued at $954,000 after acquiring an additional 5,218 shares during the period. PFW Advisors LLC acquired a new position in shares of Emerson Electric during the fourth quarter valued at approximately $2,599,000. Miracle Mile Advisors LLC raised its holdings in Emerson Electric by 32.1% during the fourth quarter. Miracle Mile Advisors LLC now owns 18,376 shares of the industrial products company’s stock worth $2,277,000 after purchasing an additional 4,467 shares in the last quarter. Finally, Elevated Capital Advisors LLC raised its holdings in Emerson Electric by 26.7% during the fourth quarter. Elevated Capital Advisors LLC now owns 11,267 shares of the industrial products company’s stock worth $1,396,000 after purchasing an additional 2,371 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

NYSE:EMR opened at $118.50 on Tuesday. Emerson Electric Co. has a 12-month low of $91.64 and a 12-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 firm has a market capitalization of $67.49 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35. The firm has a 50-day moving average price of $127.26 and a 200 day moving average price of $114.94.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.78%. 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. Emerson Electric’s dividend payout ratio is 61.70%.

Analysts Set New Price Targets

Several equities research analysts recently commented on EMR shares. UBS Group started coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. Wells Fargo & Company dropped their price target on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upped their price target on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Loop Capital lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Oppenheimer lifted their price objective 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. One equities 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.84.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’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 of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company 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.