AM Investment Strategies LLC Sells 520 Shares of Emerson Electric Co. (NYSE:EMR)

AM Investment Strategies LLC cut its holdings in Emerson Electric Co. (NYSE:EMR) by 18.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,280 shares of the industrial products company’s stock after selling 520 shares during the quarter. AM Investment Strategies LLC’s holdings in Emerson Electric were worth $283,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CX Institutional raised its holdings in Emerson Electric by 4.8% in the fourth quarter. CX Institutional now owns 16,491 shares of the industrial products company’s stock worth $2,044,000 after purchasing an additional 756 shares during the period. Southland Equity Partners LLC acquired a new stake in Emerson Electric in the fourth quarter worth $211,000. LexAurum Advisors LLC raised its holdings in Emerson Electric by 3.3% in the fourth quarter. LexAurum Advisors LLC now owns 4,777 shares of the industrial products company’s stock worth $592,000 after purchasing an additional 151 shares during the period. RFG Advisory LLC raised its holdings in Emerson Electric by 78.8% in the fourth quarter. RFG Advisory LLC now owns 15,506 shares of the industrial products company’s stock worth $1,922,000 after purchasing an additional 6,833 shares during the period. Finally, Silver Lake Advisory LLC raised its holdings in Emerson Electric by 0.4% in the fourth quarter. Silver Lake Advisory LLC now owns 24,249 shares of the industrial products company’s stock worth $3,005,000 after purchasing an additional 90 shares during the period. 74.30% of the stock is owned by institutional investors.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were 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 directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by insiders.

Emerson Electric Stock Down 0.4 %

Emerson Electric stock opened at $130.62 on Friday. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85. The firm has a market capitalization of $74.39 billion, a price-to-earnings ratio of 38.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The firm’s fifty day moving average price is $127.02 and its two-hundred day moving average price is $115.76. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a dividend of $0.5275 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. BNP Paribas started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective on the stock. KeyCorp boosted their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Barclays boosted their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft boosted their price target 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. Finally, Robert W. Baird boosted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Emerson Electric currently 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.