KRS Capital Management LLC Cuts Holdings in Emerson Electric Co. (NYSE:EMR)

KRS Capital Management LLC cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,586 shares of the industrial products company’s stock after selling 141 shares during the quarter. KRS Capital Management LLC’s holdings in Emerson Electric were worth $692,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB boosted its position in shares of Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after buying an additional 30,741 shares during the period. Geode Capital Management LLC boosted its holdings in Emerson Electric by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after acquiring an additional 162,985 shares during the period. Bank of Montreal Can raised its stake in shares of Emerson Electric by 17.0% during the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock valued at $152,359,000 after purchasing an additional 194,944 shares during the period. Dynamic Advisor Solutions LLC lifted its position in shares of Emerson Electric by 8.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock worth $7,578,000 after purchasing an additional 5,416 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Emerson Electric by 130.0% in the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after purchasing an additional 5,393 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’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 sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wells Fargo & Company cut their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Loop Capital increased their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Jefferies Financial Group initiated coverage on Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price on the stock. Robert W. Baird raised their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Royal Bank of Canada cut their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Emerson Electric Stock Performance

Shares of EMR stock traded up $1.36 during trading hours on Friday, reaching $124.65. The stock had a trading volume of 4,240,144 shares, compared to its average volume of 2,513,903. 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 firm has a 50-day simple moving average of $127.10 and a 200-day simple moving average of $115.11. The firm has a market capitalization of $70.99 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

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.