Claro Advisors LLC Has $1.41 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Claro Advisors LLC lowered its stake in Emerson Electric Co. (NYSE:EMR) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,927 shares of the industrial products company’s stock after selling 547 shares during the quarter. Claro Advisors LLC’s holdings in Emerson Electric were worth $1,414,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EMR. Peterson Financial Group Inc. acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $53,000. Frazier Financial Advisors LLC bought a new stake in Emerson Electric during the third quarter worth $33,000. Natixis Advisors LLC lifted its stake in Emerson Electric by 5.5% in the third quarter. Natixis Advisors LLC now owns 331,966 shares of the industrial products company’s stock valued at $36,307,000 after acquiring an additional 17,372 shares during the last quarter. Coastline Trust Co grew its position in shares of Emerson Electric by 0.7% in the 3rd quarter. Coastline Trust Co now owns 27,219 shares of the industrial products company’s stock valued at $2,977,000 after acquiring an additional 202 shares during the period. Finally, Linscomb Wealth Inc. increased its stake in shares of Emerson Electric by 1.4% during the 3rd quarter. Linscomb Wealth Inc. now owns 35,019 shares of the industrial products company’s stock worth $3,830,000 after purchasing an additional 485 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the company’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 completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.25% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EMR shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. KeyCorp lifted their target price on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Robert W. Baird increased their price target on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

Emerson Electric Stock Down 1.3 %

NYSE EMR opened at $126.78 on Friday. The company has a market cap of $72.29 billion, a price-to-earnings ratio of 37.07, a PEG ratio of 2.13 and a beta of 1.30. Emerson Electric Co. has a 1-year low of $87.17 and a 1-year high of $131.56. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average of $111.14 and a 200-day moving average of $109.98.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.66%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.40%.

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.