Emerson Electric Co. (NYSE:EMR) Stock Position Reduced by Stonehearth Capital Management LLC

Stonehearth Capital Management LLC trimmed its position in Emerson Electric Co. (NYSE:EMR) by 10.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,952 shares of the industrial products company’s stock after selling 351 shares during the period. Stonehearth Capital Management LLC’s holdings in Emerson Electric were worth $366,000 as of its most recent filing with the Securities and Exchange Commission.

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

Emerson Electric Trading Down 0.8 %

Shares of EMR traded down $1.01 during midday trading on Tuesday, hitting $121.08. The stock had a trading volume of 1,034,083 shares, compared to its average volume of 1,696,062. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The business has a 50-day simple moving average of $126.20 and a two-hundred day simple moving average of $114.54. 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 firm has a market cap of $68.96 billion, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s 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 in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EMR. BNP Paribas began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada cut their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Wells Fargo & Company decreased 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. Finally, Oppenheimer upped their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.84.

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.