Wright Investors Service Inc. Lowers Stock Position in Emerson Electric Co. (NYSE:EMR)

Wright Investors Service Inc. lessened its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 61.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,480 shares of the industrial products company's stock after selling 12,117 shares during the quarter. Wright Investors Service Inc.'s holdings in Emerson Electric were worth $927,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Marcum Wealth LLC lifted its holdings in Emerson Electric by 10.8% during the 4th quarter. Marcum Wealth LLC now owns 5,642 shares of the industrial products company's stock valued at $699,000 after buying an additional 550 shares in the last quarter. Traveka Wealth LLC grew its stake in Emerson Electric by 210.7% in the 4th quarter. Traveka Wealth LLC now owns 7,695 shares of the industrial products company's stock worth $954,000 after acquiring an additional 5,218 shares in the last quarter. PFW Advisors LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $2,599,000. Miracle Mile Advisors LLC boosted its holdings in shares of Emerson Electric by 32.1% in the fourth quarter. Miracle Mile Advisors LLC now owns 18,376 shares of the industrial products company's stock valued at $2,277,000 after purchasing an additional 4,467 shares during the period. Finally, Elevated Capital Advisors LLC increased its holdings in Emerson Electric by 26.7% during the 4th quarter. Elevated Capital Advisors LLC now owns 11,267 shares of the industrial products company's stock worth $1,396,000 after purchasing an additional 2,371 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company's stock in a transaction 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 sale, the senior vice president now directly owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by insiders.

Emerson Electric Stock Performance

Shares of EMR traded up $1.33 during trading hours on Tuesday, reaching $119.80. 2,074,186 shares of the company traded hands, compared to its average volume of 2,377,436. 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 fifty day moving average price of $127.26 and a 200-day moving average price of $114.94. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85. The stock has a market capitalization of $68.23 billion, a P/E ratio of 35.03, a P/E/G ratio of 2.19 and a beta of 1.35.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.76%. 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 presently 61.70%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EMR shares. Jefferies Financial Group started coverage on Emerson Electric in a research report on Thursday, December 12th. They set a "buy" rating and a $160.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. BNP Paribas began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price target for the company. Loop Capital lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Finally, Oppenheimer increased their target price on Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. One 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 stock. According to data from MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and an average 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.