International Assets Investment Management LLC Reduces Stock Position in Emerson Electric Co. (NYSE:EMR)

International Assets Investment Management LLC reduced its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 99.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,042 shares of the industrial products company's stock after selling 464,027 shares during the quarter. International Assets Investment Management LLC's holdings in Emerson Electric were worth $494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Newport Trust Company LLC bought a new stake in Emerson Electric during the second quarter valued at approximately $574,908,000. Pathway Financial Advisers LLC lifted its holdings in shares of Emerson Electric by 10,993.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company's stock worth $226,443,000 after acquiring an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp grew its position in Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock worth $422,852,000 after acquiring an additional 2,016,075 shares in the last quarter. State Street Corp raised its holdings in shares of Emerson Electric by 6.2% during 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 in the last quarter. Finally, Swedbank AB lifted its position in Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock worth $278,285,000 after buying an additional 1,424,800 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

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 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 directly owns 262,408 shares of the company's stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.50% of the company's stock.

Emerson Electric Stock Down 2.2 %

Shares of NYSE:EMR traded down $2.66 on Friday, hitting $117.64. 3,736,063 shares of the company traded hands, compared to its average volume of 2,448,409. The company has a market cap of $67.00 billion, a PE ratio of 34.40, a PEG ratio of 2.19 and a beta of 1.35. The stock has a 50 day simple moving average of $127.08 and a 200-day simple moving average of $114.81. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week 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.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a $0.5275 dividend. 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 yield of 1.79%. Emerson Electric's payout ratio is 61.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EMR shares. Stephens lowered shares of 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 report on Wednesday, October 16th. UBS Group started coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 price objective for the company. StockNews.com cut shares of Emerson Electric from a "buy" rating to a "hold" rating in a report on Wednesday, January 1st. KeyCorp upped 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. Finally, Deutsche Bank Aktiengesellschaft raised their price target 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus price target of $134.84.

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.