Winslow Evans & Crocker Inc. lessened its stake in Emerson Electric Company (NYSE:EMR) by 26.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,884 shares of the industrial products company’s stock after selling 5,604 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Emerson Electric were worth $998,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Rockefeller Financial Services Inc. increased its holdings in Emerson Electric by 11.4% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 35,144 shares of the industrial products company’s stock valued at $2,208,000 after acquiring an additional 3,610 shares in the last quarter. Butensky & Cohen Financial Security Inc. increased its holdings in Emerson Electric by 2.5% during the 3rd quarter. Butensky & Cohen Financial Security Inc. now owns 33,925 shares of the industrial products company’s stock valued at $2,132,000 after acquiring an additional 835 shares in the last quarter. Mountain Pacific Investment Advisers Inc. ID purchased a new position in Emerson Electric during the 3rd quarter valued at about $207,000. Fisher Asset Management LLC purchased a new position in Emerson Electric during the 3rd quarter valued at about $292,000. Finally, Founders Capital Management increased its holdings in Emerson Electric by 7.1% during the 3rd quarter. Founders Capital Management now owns 14,582 shares of the industrial products company’s stock valued at $916,000 after acquiring an additional 970 shares in the last quarter. Institutional investors and hedge funds own 69.00% of the company’s stock.
Shares of Emerson Electric Company (EMR) opened at $66.55 on Friday. Emerson Electric Company has a 12 month low of $55.40 and a 12 month high of $67.79. The stock has a market cap of $42,218.90, a PE ratio of 25.50, a price-to-earnings-growth ratio of 3.09 and a beta of 1.24. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be given a $0.485 dividend. The ex-dividend date is Thursday, November 16th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a dividend yield of 2.92%. Emerson Electric’s dividend payout ratio (DPR) is currently 82.55%.
In related news, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the sale, the vice president now directly owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Bell Katherine Button sold 7,909 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $64.78, for a total transaction of $512,345.02. Following the completion of the sale, the vice president now directly owns 44,628 shares in the company, valued at $2,891,001.84. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by company insiders.
Several research firms have weighed in on EMR. Stifel Nicolaus restated a “buy” rating on shares of Emerson Electric in a report on Thursday, October 12th. Edward Jones downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Cowen upgraded shares of Emerson Electric to a “buy” rating and set a $71.00 target price for the company in a report on Monday, October 23rd. Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Citigroup set a $61.00 target price on shares of Emerson Electric and gave the company a “sell” rating in a report on Tuesday, November 28th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $65.64.
Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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