Emerson Electric Co. (NYSE:EMR) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. decreased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 297,613 shares of the industrial products company’s stock after selling 3,734 shares during the quarter. Emerson Electric comprises about 4.7% of John G Ullman & Associates Inc.’s portfolio, making the stock its biggest holding. John G Ullman & Associates Inc. owned about 0.05% of Emerson Electric worth $32,550,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the third quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric during the third quarter worth approximately $29,000. Transcendent Capital Group LLC bought a new stake in shares of Emerson Electric during the first quarter worth approximately $31,000. Frazier Financial Advisors LLC bought a new position in shares of Emerson Electric during the third quarter worth approximately $33,000. Finally, Meeder Asset Management Inc. boosted its stake in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction 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 owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock opened at $129.10 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 $87.55 and a one year high of $131.56. The business’s 50 day simple moving average is $112.92 and its 200 day simple moving average is $110.45. The stock has a market capitalization of $73.61 billion, a PE ratio of 37.75, a PEG ratio of 2.17 and a beta of 1.30.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EMR shares. BNP Paribas assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price for the company. Royal Bank of Canada cut their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Finally, StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $130.00.

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.