Emerson Electric Co. (NYSE:EMR) Shares Sold by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 66.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,563 shares of the industrial products company’s stock after selling 54,582 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Emerson Electric were worth $3,416,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EMR. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the third quarter worth about $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at about $29,000. Meeder Asset Management Inc. increased its position in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares during the period. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric in the third quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Emerson Electric during the third quarter worth approximately $33,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Down 1.9 %

EMR stock traded down $2.30 during midday trading on Friday, hitting $118.00. The stock had a trading volume of 732,002 shares, compared to its average volume of 1,934,515. The firm has a market cap of $67.20 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 2.19 and a beta of 1.34. The company’s 50-day moving average price is $126.90 and its 200 day moving average price is $114.70. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on EMR shares. Robert W. Baird increased their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. BNP Paribas started coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. Wells Fargo & Company cut their price target on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday. KeyCorp boosted their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, UBS Group began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.