Premier Path Wealth Partners LLC Sells 10,642 Shares of Emerson Electric Co. (NYSE:EMR)

Premier Path Wealth Partners LLC cut its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 64.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,815 shares of the industrial products company's stock after selling 10,642 shares during the period. Premier Path Wealth Partners LLC's holdings in Emerson Electric were worth $721,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in EMR. Wealth Alliance acquired a new position in shares of Emerson Electric during the second quarter valued at about $212,000. Intech Investment Management LLC boosted its holdings in Emerson Electric by 30.2% in the second quarter. Intech Investment Management LLC now owns 23,677 shares of the industrial products company's stock worth $2,608,000 after acquiring an additional 5,497 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of Emerson Electric by 9.3% during the second quarter. Brighton Jones LLC now owns 6,555 shares of the industrial products company's stock valued at $722,000 after acquiring an additional 560 shares in the last quarter. Ieq Capital LLC raised its position in shares of Emerson Electric by 22.4% during the second quarter. Ieq Capital LLC now owns 26,287 shares of the industrial products company's stock worth $2,896,000 after purchasing an additional 4,810 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Emerson Electric by 13.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 31,043 shares of the industrial products company's stock worth $3,420,000 after purchasing an additional 3,715 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lifted their price target 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 increased their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Oppenheimer upped their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, September 26th. Finally, Barclays raised their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. One 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.com, Emerson Electric has an average rating of "Moderate Buy" and a consensus target price of $135.89.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded up $1.36 during trading hours 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 debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a one year low of $91.64 and a one year high of $134.85. The firm has a market cap 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. The business has a fifty day simple moving average of $127.05 and a 200 day simple moving average of $115.27.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, November 15th. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.69%. Emerson Electric's dividend payout ratio is currently 61.70%.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the company's stock in a transaction 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 transaction, the senior vice president now owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company's stock.

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.