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Rovin Capital UT ADV Trims Stock Position in Emerson Electric Co. (NYSE:EMR)

Emerson Electric logo with Industrial Products background

Rovin Capital UT ADV lessened its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 48.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,278 shares of the industrial products company's stock after selling 3,128 shares during the period. Rovin Capital UT ADV's holdings in Emerson Electric were worth $406,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the 3rd quarter valued at about $25,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric in the 3rd quarter valued at about $29,000. Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric in the 3rd quarter valued at about $33,000. Frazier Financial Advisors LLC bought a new position in shares of Emerson Electric in the 3rd quarter valued at about $33,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Emerson Electric in the 3rd quarter worth about $43,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is owned by insiders.

Emerson Electric Stock Up 2.1 %

EMR traded up $2.60 during trading on Thursday, hitting $123.32. The stock had a trading volume of 2,856,843 shares, compared to its average volume of 2,427,797. The company has a market capitalization of $70.23 billion, a PE ratio of 36.06, a PEG ratio of 1.98 and a beta of 1.35. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The stock has a 50 day simple moving average of $127.18 and a two-hundred day simple moving average of $115.05.

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 paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.71%. This is an increase 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%.

Analysts Set New Price Targets

EMR has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price objective on the stock. StockNews.com lowered shares of Emerson Electric from a "buy" rating to a "hold" rating in a research report on Wednesday, January 1st. Stephens lowered shares of Emerson Electric from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Loop Capital increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Finally, Robert W. Baird raised their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $135.89.

Check Out Our Latest Stock Report on Emerson Electric

Emerson Electric Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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