Emerson Electric Co. (NYSE:EMR) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,659 shares of the industrial products company’s stock after selling 160 shares during the period. Institute for Wealth Management LLC.’s holdings in Emerson Electric were worth $577,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Sonora Investment Management Group LLC boosted its position in shares of Emerson Electric by 3.8% during the 4th quarter. Sonora Investment Management Group LLC now owns 78,383 shares of the industrial products company’s stock worth $9,714,000 after purchasing an additional 2,897 shares during the period. Fiduciary Advisors Inc. purchased a new position in shares of Emerson Electric during the fourth quarter worth $35,000. Cibc World Market Inc. grew its stake in shares of Emerson Electric by 21.6% in the fourth quarter. Cibc World Market Inc. now owns 411,191 shares of the industrial products company’s stock valued at $50,959,000 after buying an additional 73,048 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in Emerson Electric during the 4th quarter worth about $10,087,000. Finally, Colton Groome Financial Advisors LLC lifted its position in shares of Emerson Electric by 5.6% during the fourth quarter. Colton Groome Financial Advisors LLC now owns 5,419 shares of the industrial products company’s stock worth $672,000 after purchasing an additional 285 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.5 %

EMR opened at $129.85 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $127.14 and a two-hundred day moving average price of $116.38. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85. The company has a market cap of $73.95 billion, a PE ratio of 37.97, a P/E/G ratio of 2.20 and a beta of 1.35.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. Emerson Electric’s payout ratio is presently 61.70%.

Analysts Set New Price Targets

EMR has been the topic of several analyst reports. Barclays increased their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Wells Fargo & Company cut their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Loop Capital boosted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. KeyCorp raised their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Robert W. Baird boosted 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. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $136.45.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction 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. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.50% of the company’s stock.

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.