Wendell David Associates Inc. Sells 1,655 Shares of Emerson Electric Co. (NYSE:EMR)

Wendell David Associates Inc. cut its holdings in Emerson Electric Co. (NYSE:EMR) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,980 shares of the industrial products company’s stock after selling 1,655 shares during the period. Wendell David Associates Inc.’s holdings in Emerson Electric were worth $4,211,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of the business’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 value of $2,711,289.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EMR. Oppenheimer boosted their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft lifted their price target on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Loop Capital increased their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.89.

Emerson Electric Stock Up 0.4 %

EMR opened at $130.02 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a one year low of $91.64 and a one year high of $134.85. The firm has a market capitalization of $74.05 billion, a P/E ratio of 38.02, a price-to-earnings-growth ratio of 2.21 and a beta of 1.35. The company has a fifty day moving average price of $126.98 and a 200-day moving average price of $115.55.

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. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. 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. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

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.