Park Edge Advisors LLC Lowers Position in Emerson Electric Co. (NYSE:EMR)

Park Edge Advisors LLC cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.0% during the 4th quarter, Holdings Channel reports. The firm owned 15,355 shares of the industrial products company’s stock after selling 150 shares during the quarter. Park Edge Advisors LLC’s holdings in Emerson Electric were worth $1,903,000 as of its most recent SEC filing.

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

Emerson Electric Trading Down 0.4 %

NYSE EMR opened at $130.62 on Friday. 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 Co. has a 1-year low of $91.64 and a 1-year high of $134.85. The stock has a 50-day moving average of $127.10 and a 200-day moving average of $115.91. The firm has a market cap of $74.39 billion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a $0.5275 dividend. 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 currently 61.70%.

Analyst Ratings Changes

A number of analysts have issued reports on EMR shares. KeyCorp raised their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft increased their target price 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. Loop Capital boosted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Royal Bank of Canada cut their price objective 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $135.89.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

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.