Penbrook Management LLC decreased its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,400 shares of the industrial products company’s stock after selling 400 shares during the quarter. Penbrook Management LLC’s holdings in Emerson Electric were worth $669,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in Emerson Electric during the 3rd quarter worth $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $27,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the third quarter worth about $29,000. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric during the 3rd quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on EMR shares. UBS Group began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a report on Tuesday. Royal Bank of Canada dropped their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Loop Capital boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $136.45.
Insider Buying and Selling at Emerson Electric
In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 transaction, the senior vice president now 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.50% of the stock is currently owned by corporate insiders.
Emerson Electric Stock Down 0.8 %
EMR stock opened at $128.92 on Thursday. The firm’s 50-day moving average is $127.10 and its two-hundred day moving average is $116.19. 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 market capitalization of $73.42 billion, a price-to-earnings ratio of 37.70, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85.
Emerson Electric Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.64%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio 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.
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