Teamwork Financial Advisors LLC Has $3.18 Million Position in Emerson Electric Co. (NYSE:EMR)

Teamwork Financial Advisors LLC trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 14.3% during the fourth quarter, Holdings Channel reports. The firm owned 25,646 shares of the industrial products company’s stock after selling 4,295 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Emerson Electric were worth $3,178,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric during the 4th quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new position in Emerson Electric during the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the third quarter valued at approximately $29,000. Frazier Financial Advisors LLC acquired a new stake in Emerson Electric in the 3rd quarter valued at $33,000. Finally, Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the third quarter worth $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction 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 completion of the sale, the senior vice president now 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

Emerson Electric Price Performance

Emerson Electric stock opened at $130.02 on Thursday. The firm has a market capitalization of $74.05 billion, a P/E ratio of 38.02, a PEG ratio of 2.21 and a beta of 1.35. Emerson Electric Co. has a one year low of $91.64 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The business has a fifty day moving average price of $126.98 and a 200-day moving average price of $115.65.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a dividend of $0.5275 per share. 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. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. Emerson Electric’s dividend payout ratio is currently 61.70%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EMR. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Wells Fargo & Company lowered their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Oppenheimer increased their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. One investment 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.