Chesley Taft & Associates LLC Sells 1,000 Shares of Emerson Electric Co. (NYSE:EMR)

Chesley Taft & Associates LLC lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,101 shares of the industrial products company’s stock after selling 1,000 shares during the period. Chesley Taft & Associates LLC’s holdings in Emerson Electric were worth $3,978,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric during the third quarter valued at approximately $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric during the 4th quarter worth approximately $27,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter valued at $29,000. Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter worth $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in Emerson Electric during the 3rd quarter valued at about $33,000. 74.30% of the stock is currently owned by institutional investors.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $124.65 on Tuesday. The firm has a 50-day simple moving average of $126.96 and a 200-day simple moving average of $115.41. 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 stock has a market capitalization of $70.99 billion, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.35. 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 announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.69%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EMR shares. JPMorgan Chase & Co. cut their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Jefferies Financial Group initiated coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. Robert W. Baird upped their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Loop Capital upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. One equities research 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’s stock. According to MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.89.

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.