Emerson Electric Co. (NYSE:EMR) Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC lowered its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 33.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,320 shares of the industrial products company's stock after selling 13,046 shares during the period. Krilogy Financial LLC's holdings in Emerson Electric were worth $3,262,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV boosted its holdings in shares of Emerson Electric by 0.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company's stock valued at $2,016,000 after purchasing an additional 97 shares during the last quarter. Unison Advisors LLC grew its position in Emerson Electric by 0.5% during the third quarter. Unison Advisors LLC now owns 21,115 shares of the industrial products company's stock valued at $2,309,000 after acquiring an additional 99 shares during the period. Wedmont Private Capital increased its stake in Emerson Electric by 2.0% during the third quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company's stock worth $557,000 after acquiring an additional 99 shares during the last quarter. Chesapeake Wealth Management raised its holdings in shares of Emerson Electric by 5.5% in the 2nd quarter. Chesapeake Wealth Management now owns 1,930 shares of the industrial products company's stock worth $213,000 after purchasing an additional 100 shares during the period. Finally, Gabelli Funds LLC lifted its stake in shares of Emerson Electric by 1.9% in the 2nd quarter. Gabelli Funds LLC now owns 5,380 shares of the industrial products company's stock valued at $593,000 after purchasing an additional 100 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.1 %

Shares of Emerson Electric stock traded up $1.36 during trading on Friday, reaching $124.65. The company had a trading volume of 4,240,144 shares, compared to its average volume of 2,513,903. The company has a market cap of $70.99 billion, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The firm's fifty day moving average is $127.05 and its 200-day moving average is $115.27. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a $0.5275 dividend. This is a positive change 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 dividend yield of 1.69%. Emerson Electric's dividend payout ratio (DPR) is presently 61.70%.

Insider Activity at Emerson Electric

In related 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 completion of the sale, the senior vice president now owns 262,408 shares of the company's stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. KeyCorp raised their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Stephens lowered shares of Emerson Electric from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Jefferies Financial Group assumed coverage on Emerson Electric in a report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price target for the company. Barclays boosted their price objective on Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. Finally, StockNews.com lowered Emerson Electric from a "buy" rating to a "hold" rating in a research note on Wednesday, January 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $135.89.

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.