Campbell Newman Asset Management Inc. Cuts Holdings in Emerson Electric Co. (NYSE:EMR)

Campbell Newman Asset Management Inc. lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 252,430 shares of the industrial products company's stock after selling 19,618 shares during the quarter. Emerson Electric makes up 2.5% of Campbell Newman Asset Management Inc.'s holdings, making the stock its 15th largest position. Campbell Newman Asset Management Inc.'s holdings in Emerson Electric were worth $31,284,000 as of its most recent SEC filing.

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

Emerson Electric Trading Up 0.8 %

NYSE:EMR traded up $0.96 during trading hours on Wednesday, reaching $120.75. 2,405,252 shares of the stock were exchanged, compared to its average volume of 2,380,154. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average of $127.30 and a two-hundred day moving average of $115.01. The company has a market capitalization of $68.77 billion, a price-to-earnings ratio of 35.31, a PEG 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. Investors of record on Friday, November 15th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.75%. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric's dividend payout ratio (DPR) is 61.70%.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EMR. UBS Group began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 target price for the company. Barclays raised their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. StockNews.com lowered Emerson Electric from a "buy" rating to a "hold" rating in a research report on Wednesday, January 1st. Stephens lowered Emerson Electric from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Finally, Loop Capital upped their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $135.89.

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.