Sawyer & Company Inc Reduces Position in Emerson Electric Co. (NYSE:EMR)

Sawyer & Company Inc reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,274 shares of the industrial products company’s stock after selling 1,004 shares during the period. Sawyer & Company Inc’s holdings in Emerson Electric were worth $2,636,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Covea Finance purchased a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $28,256,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Emerson Electric by 64.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 22,861 shares of the industrial products company’s stock worth $2,833,000 after buying an additional 8,925 shares during the last quarter. Kathmere Capital Management LLC purchased a new stake in Emerson Electric in the 4th quarter valued at $498,000. Fifth Third Wealth Advisors LLC raised its holdings in shares of Emerson Electric by 2.6% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 11,711 shares of the industrial products company’s stock worth $1,451,000 after acquiring an additional 299 shares during the period. Finally, Pines Wealth Management LLC acquired a new position in shares of Emerson Electric during the 4th quarter valued at about $204,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of EMR opened at $120.75 on Thursday. The stock has a 50-day simple moving average of $127.30 and a 200-day simple moving average of $115.01. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The stock has a market capitalization of $68.77 billion, a PE ratio of 35.31, a PEG ratio of 2.19 and a beta of 1.35.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is 61.70%.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction 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 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. JPMorgan Chase & Co. lowered their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday. Royal Bank of Canada reduced their target price 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. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Finally, Loop Capital boosted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.89.

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.