CFS Investment Advisory Services LLC Sells 20,186 Shares of Emerson Electric Co. (NYSE:EMR)

CFS Investment Advisory Services LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 50.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,566 shares of the industrial products company's stock after selling 20,186 shares during the quarter. CFS Investment Advisory Services LLC's holdings in Emerson Electric were worth $2,140,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Farther Finance Advisors LLC grew its stake in Emerson Electric by 55.0% in the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company's stock valued at $931,000 after purchasing an additional 3,060 shares in the last quarter. Bank of Montreal Can grew its stake in Emerson Electric by 17.0% in 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 in the last quarter. Dynamic Advisor Solutions LLC grew its stake in Emerson Electric by 8.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company's stock valued at $7,578,000 after purchasing an additional 5,416 shares in the last quarter. V Square Quantitative Management LLC grew its stake in Emerson Electric by 82.0% in the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company's stock valued at $435,000 after purchasing an additional 1,792 shares in the last quarter. Finally, Proactive Wealth Strategies LLC purchased a new position in Emerson Electric in the third quarter valued at about $443,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on EMR shares. BNP Paribas started coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an "outperform" rating and a $155.00 price target for the company. JPMorgan Chase & Co. downgraded Emerson Electric from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. UBS Group started coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price target for the company. Robert W. Baird upped their price target 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, Morgan Stanley initiated coverage on Emerson Electric in a research report on Friday, September 6th. They set an "underweight" rating and a $105.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $130.00.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred on 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 directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.25% of the company's stock.

Emerson Electric Price Performance

Shares of EMR stock traded up $1.80 during trading hours on Friday, hitting $130.07. The company had a trading volume of 2,154,022 shares, compared to its average volume of 2,740,163. Emerson Electric Co. has a 12 month low of $87.55 and a 12 month high of $131.56. The firm has a market capitalization of $74.17 billion, a price-to-earnings ratio of 37.54, a PEG ratio of 2.17 and a beta of 1.30. The firm's fifty day moving average is $113.46 and its 200 day moving average is $110.58. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.5275 dividend. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Friday, November 15th. Emerson Electric's dividend payout ratio is currently 61.70%.

About Emerson Electric

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.