Emerson Electric Co. (NYSE:EMR) Shares Sold by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,446 shares of the industrial products company’s stock after selling 79 shares during the period. Soltis Investment Advisors LLC’s holdings in Emerson Electric were worth $268,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Capital Performance Advisors LLP purchased a new position in Emerson Electric during the third quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric in the 3rd quarter worth $29,000. Frazier Financial Advisors LLC acquired a new position in Emerson Electric in the third quarter valued at $33,000. Meeder Asset Management Inc. increased its stake 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 acquiring an additional 235 shares during the last quarter. Finally, Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric in the 3rd quarter worth about $33,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. BNP Paribas started 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 decreased their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. UBS Group started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target for the company. Finally, Robert W. Baird raised their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $134.58.

Emerson Electric Stock Performance

Shares of EMR stock opened at $131.16 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The stock has a market capitalization of $74.70 billion, a price-to-earnings ratio of 38.35, a PEG ratio of 2.20 and a beta of 1.34. Emerson Electric Co. has a one year low of $90.66 and a one year high of $134.85. The company’s 50-day simple moving average is $120.74 and its 200-day simple moving average is $112.43.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.61%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s payout ratio is 61.70%.

Emerson Electric Company 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.