Bartlett & CO. Wealth Management LLC Has $12.14 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Bartlett & CO. Wealth Management LLC decreased its stake in Emerson Electric Co. (NYSE:EMR) by 0.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 97,935 shares of the industrial products company’s stock after selling 420 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Emerson Electric were worth $12,137,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 of the company’s stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.50% of the company’s stock.

Emerson Electric Trading Up 0.4 %

EMR opened at $130.02 on Thursday. The firm’s fifty day moving average is $126.98 and its two-hundred day moving average is $115.55. The firm has a market cap of $74.05 billion, a PE ratio of 38.02, a price-to-earnings-growth ratio of 2.21 and a beta of 1.35. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85. 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 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 issued a dividend of $0.5275 per share. The ex-dividend date was Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.62%. Emerson Electric’s payout ratio is currently 61.70%.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent analyst reports. BNP Paribas started coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. KeyCorp increased their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. JPMorgan Chase & Co. reduced their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. UBS Group initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective for the company. Finally, Jefferies Financial Group began coverage on Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $135.89.

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.