Rockland Trust Co. Lowers Position in Emerson Electric Co. (NYSE:EMR)

Rockland Trust Co. trimmed its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,740 shares of the industrial products company's stock after selling 6,191 shares during the quarter. Rockland Trust Co.'s holdings in Emerson Electric were worth $9,015,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EMR. State Street Corp increased its stake in Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock valued at $2,822,858,000 after buying an additional 1,507,980 shares during the last quarter. Wellington Management Group LLP grew its stake in Emerson Electric by 4.2% in the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock valued at $1,591,612,000 after purchasing an additional 581,102 shares during the period. Geode Capital Management LLC increased its position in shares of Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock valued at $1,247,570,000 after purchasing an additional 162,985 shares during the last quarter. Nordea Investment Management AB increased its holdings in Emerson Electric by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock worth $871,083,000 after buying an additional 375,470 shares during the last quarter. Finally, Newport Trust Company LLC bought a new stake in shares of Emerson Electric in the 2nd quarter worth approximately $574,908,000. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EMR has been the topic of a number of research reports. UBS Group assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a "buy" rating and a $160.00 price target for the company. Wells Fargo & Company lowered their price objective on Emerson Electric from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Finally, Barclays upped their target price 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $135.89.

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 stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by company insiders.

Emerson Electric Trading Up 0.8 %

Shares of EMR traded up $0.96 during trading hours on Wednesday, hitting $120.75. The company had a trading volume of 2,405,515 shares, compared to its average volume of 2,380,528. The stock's 50 day moving average price is $127.30 and its 200 day moving average price is $115.01. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week high of $134.85. The firm has a market cap of $68.77 billion, a P/E ratio of 35.31, a P/E/G ratio of 2.19 and a beta of 1.35.

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 issued 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 dividend yield of 1.75%. Emerson Electric's dividend payout ratio (DPR) is currently 61.70%.

Emerson Electric 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.