KBC Group NV Sells 9,219 Shares of Emerson Electric Co. (NYSE:EMR)

KBC Group NV reduced its stake in Emerson Electric Co. (NYSE:EMR) by 15.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,877 shares of the industrial products company’s stock after selling 9,219 shares during the period. KBC Group NV’s holdings in Emerson Electric were worth $6,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Grove Bank & Trust boosted its stake in shares of Emerson Electric by 5.4% in the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 90 shares in the last quarter. Silver Lake Advisory LLC boosted its position in Emerson Electric by 0.4% in the 4th quarter. Silver Lake Advisory LLC now owns 24,249 shares of the industrial products company’s stock valued at $3,005,000 after buying an additional 90 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of Emerson Electric by 0.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company’s stock worth $2,016,000 after acquiring an additional 97 shares during the last quarter. Sandbox Financial Partners LLC lifted its stake in shares of Emerson Electric by 5.3% during the fourth quarter. Sandbox Financial Partners LLC now owns 1,942 shares of the industrial products company’s stock valued at $241,000 after acquiring an additional 97 shares during the period. Finally, Unison Advisors LLC increased its position in Emerson Electric by 0.5% in the third quarter. Unison Advisors LLC now owns 21,115 shares of the industrial products company’s stock worth $2,309,000 after purchasing an additional 99 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

EMR stock opened at $130.41 on Friday. The stock has a market cap of $74.27 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The stock has a 50-day moving average price of $127.10 and a two-hundred day moving average price of $116.28. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. 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 announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.62%. Emerson Electric’s payout ratio is presently 61.70%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EMR shares. KeyCorp raised their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. lowered their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Robert W. Baird lifted their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company reduced their target price on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.45.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction 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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

Emerson Electric 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.