Iowa State Bank Cuts Position in Emerson Electric Co. (NYSE:EMR)

Iowa State Bank reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,773 shares of the industrial products company’s stock after selling 180 shares during the quarter. Emerson Electric accounts for 1.9% of Iowa State Bank’s portfolio, making the stock its 16th largest position. Iowa State Bank’s holdings in Emerson Electric were worth $9,267,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in EMR. Capital Market Strategies LLC boosted its stake in shares of Emerson Electric by 5.5% in the fourth quarter. Capital Market Strategies LLC now owns 4,300 shares of the industrial products company’s stock valued at $533,000 after purchasing an additional 224 shares during the period. CWA Asset Management Group LLC boosted its position in Emerson Electric by 6.0% in the 4th quarter. CWA Asset Management Group LLC now owns 4,236 shares of the industrial products company’s stock valued at $525,000 after buying an additional 238 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Emerson Electric by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock valued at $871,083,000 after acquiring an additional 375,470 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Emerson Electric by 14.1% in the fourth quarter. GAMMA Investing LLC now owns 8,795 shares of the industrial products company’s stock worth $1,090,000 after acquiring an additional 1,090 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Emerson Electric by 100.9% in the fourth quarter. Versant Capital Management Inc now owns 4,461 shares of the industrial products company’s stock valued at $553,000 after purchasing an additional 2,240 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wells Fargo & Company increased their target price on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Oppenheimer lifted their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Robert W. Baird increased their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. 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. Finally, UBS Group assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $134.58.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the firm’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 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 approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Price Performance

Shares of NYSE EMR traded down $0.54 during trading on Monday, hitting $122.90. The company had a trading volume of 1,005,652 shares, compared to its average volume of 1,451,846. The company has a market cap of $70.00 billion, a P/E ratio of 35.94, a PEG ratio of 2.20 and a beta of 1.35. 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 business’s 50-day moving average is $125.93 and its 200 day moving average is $114.44. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio is currently 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.