Novare Capital Management LLC Sells 1,348 Shares of Emerson Electric Co. (NYSE:EMR)

Novare Capital Management LLC reduced its position in Emerson Electric Co. (NYSE:EMR) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 192,456 shares of the industrial products company’s stock after selling 1,348 shares during the period. Emerson Electric accounts for about 2.0% of Novare Capital Management LLC’s portfolio, making the stock its 11th largest position. Novare Capital Management LLC’s holdings in Emerson Electric were worth $23,851,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in Emerson Electric in the 3rd quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric in the fourth quarter worth $27,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the third quarter worth $29,000. Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric during the third quarter valued at $33,000. Finally, Frazier Financial Advisors LLC purchased a new position in Emerson Electric in the 3rd quarter worth $33,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.4 %

Shares of EMR opened at $130.62 on Friday. 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 $74.39 billion, a PE ratio of 38.19, a P/E/G ratio of 2.22 and a beta of 1.35. The company’s 50-day simple moving average is $127.10 and its 200-day simple moving average is $115.91.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, November 15th. 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 yield of 1.62%. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Loop Capital upped 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. Royal Bank of Canada reduced their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Finally, JPMorgan Chase & Co. decreased their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company 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.