Emerson Electric Co. (NYSE:EMR) Shares Sold by Burney Co.

Burney Co. trimmed its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 27.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,566 shares of the industrial products company's stock after selling 9,132 shares during the period. Burney Co.'s holdings in Emerson Electric were worth $2,920,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric during the third quarter worth about $25,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric during the third quarter worth approximately $29,000. Frazier Financial Advisors LLC purchased a new stake in Emerson Electric in the third quarter valued at approximately $33,000. Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at approximately $33,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $43,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of recent research reports. Oppenheimer increased their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. UBS Group assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. KeyCorp boosted their target price on Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Finally, Royal Bank of Canada decreased their price target on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $135.89.

Insider Buying and Selling

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

Emerson Electric Trading Up 0.8 %

Shares of EMR opened at $120.75 on Thursday. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month 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. The firm has a market capitalization of $68.77 billion, a P/E ratio of 35.31, a PEG ratio of 2.19 and a beta of 1.35. The firm's 50-day moving average is $127.30 and its two-hundred day moving average is $115.01.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a $0.5275 dividend. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric's dividend payout ratio (DPR) is presently 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.

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