Monarch Capital Management Inc. Sells 2,787 Shares of Emerson Electric Co. (NYSE:EMR)

Monarch Capital Management Inc. lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 63,124 shares of the industrial products company's stock after selling 2,787 shares during the period. Emerson Electric accounts for 2.1% of Monarch Capital Management Inc.'s portfolio, making the stock its 14th largest position. Monarch Capital Management Inc.'s holdings in Emerson Electric were worth $7,823,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EMR. Capital Performance Advisors LLP acquired a new position in Emerson Electric during the third quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $29,000. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric during the 3rd quarter worth $33,000. Frazier Financial Advisors LLC bought a new position in Emerson Electric during the third quarter worth about $33,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Emerson Electric in the third quarter valued at about $43,000. Institutional investors own 74.30% of the company's stock.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction on 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. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on EMR. Royal Bank of Canada lowered their target price on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. BNP Paribas began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 target price for the company. Robert W. Baird lifted their price target on Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Finally, Jefferies Financial Group assumed coverage on Emerson Electric in a report on Thursday, December 12th. They set a "buy" rating and a $160.00 price objective for the company. One equities research 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $135.89.

Emerson Electric Stock Performance

Emerson Electric stock traded up $1.36 during midday trading on Friday, reaching $124.65. 4,240,144 shares of the company's stock were exchanged, compared to its average volume of 2,513,903. 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 $70.99 billion, a price-to-earnings ratio of 36.45, a P/E/G ratio of 1.98 and a beta of 1.35. The stock's 50-day simple moving average is $127.05 and its 200 day simple 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.69%. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric's payout ratio is 61.70%.

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.