Franklin Street Advisors Inc. NC Sells 54,582 Shares of Emerson Electric Co. (NYSE:EMR)

Franklin Street Advisors Inc. NC lowered its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 66.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,563 shares of the industrial products company's stock after selling 54,582 shares during the period. Franklin Street Advisors Inc. NC's holdings in Emerson Electric were worth $3,416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in EMR. Newport Trust Company LLC bought a new position in Emerson Electric in the second quarter valued at $574,908,000. Pathway Financial Advisers LLC grew its position in Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company's stock valued at $226,443,000 after purchasing an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp grew its position in Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock valued at $422,852,000 after purchasing an additional 2,016,075 shares in the last quarter. State Street Corp grew its position in Emerson Electric by 6.2% in the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock valued at $2,822,858,000 after purchasing an additional 1,507,980 shares in the last quarter. Finally, Swedbank AB grew its position in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock valued at $278,285,000 after acquiring an additional 1,424,800 shares during the period. Institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

EMR has been the subject of a number of analyst reports. Oppenheimer lifted their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. Loop Capital lifted their price objective 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. BNP Paribas initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price objective for the company. StockNews.com downgraded shares of Emerson Electric from a "buy" rating to a "hold" rating in a research report on Wednesday, January 1st. Finally, Robert W. Baird lifted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $134.84.

Emerson Electric Stock Performance

Emerson Electric stock traded down $2.66 during midday trading on Friday, hitting $117.64. The company's stock had a trading volume of 3,736,063 shares, compared to its average volume of 2,448,409. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85. 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 company has a 50-day moving average price of $126.90 and a two-hundred day moving average price of $114.70. The company has a market cap of $67.00 billion, a price-to-earnings ratio of 34.40, a PEG ratio of 2.19 and a beta of 1.34.

Emerson Electric Increases Dividend

The firm also recently disclosed 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 was Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.79%. Emerson Electric's payout ratio is 61.70%.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the business's stock in a transaction that occurred 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.25% 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.