Delaney Dennis R reduced its stake in Emerson Electric Company (NYSE:EMR) by 12.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,350 shares of the industrial products company’s stock after selling 1,150 shares during the quarter. Delaney Dennis R’s holdings in Emerson Electric were worth $582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in EMR. Tower Research Capital LLC TRC bought a new position in Emerson Electric during the second quarter valued at approximately $109,000. Cerebellum GP LLC bought a new position in Emerson Electric during the fourth quarter valued at approximately $129,000. Intellectus Partners LLC grew its position in Emerson Electric by 0.3% during the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 7 shares during the last quarter. Global Trust Asset Management LLC bought a new position in Emerson Electric during the fourth quarter valued at approximately $146,000. Finally, Mountain Capital Investment Advisors Inc bought a new position in Emerson Electric during the second quarter valued at approximately $129,000. 69.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of Emerson Electric Company (NYSE EMR) opened at $68.96 on Thursday. The firm has a market cap of $44,225.50, a price-to-earnings ratio of 25.94, a P/E/G ratio of 2.53 and a beta of 1.19. Emerson Electric Company has a fifty-two week low of $56.77 and a fifty-two week high of $74.45. The company has a quick ratio of 1.30, a current ratio of 1.32 and a debt-to-equity ratio of 0.40.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 16th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 78.23%.
A number of brokerages have commented on EMR. UBS Group began coverage on shares of Emerson Electric in a research report on Monday, January 22nd. They set a “buy” rating and a $73.26 price target on the stock. Wells Fargo & Co reiterated a “market perform” rating and set a $73.00 price target (up from $65.00) on shares of Emerson Electric in a research report on Thursday, January 18th. JMP Securities cut shares of Emerson Electric from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $74.45 to $56.77 in a report on Thursday, February 1st. Vertical Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. Finally, Robert W. Baird raised their target price on shares of Emerson Electric from $70.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $66.57.
In other Emerson Electric news, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the transaction, the vice president now owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $65.74, for a total value of $623,872.60. Following the transaction, the chief operating officer now directly owns 168,984 shares of the company’s stock, valued at approximately $11,109,008.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,017 shares of company stock worth $1,771,129. 0.79% of the stock is currently owned by company insiders.
About Emerson Electric
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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