KCM Investment Advisors LLC Sells 84 Shares of Emerson Electric Co. (NYSE:EMR)

KCM Investment Advisors LLC cut its stake in Emerson Electric Co. (NYSE:EMR) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,985 shares of the industrial products company’s stock after selling 84 shares during the quarter. KCM Investment Advisors LLC’s holdings in Emerson Electric were worth $1,530,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Banco Santander S.A. increased its holdings in shares of Emerson Electric by 2.0% during the first quarter. Banco Santander S.A. now owns 11,635 shares of the industrial products company’s stock valued at $1,320,000 after acquiring an additional 223 shares in the last quarter. First Foundation Advisors raised its holdings in shares of Emerson Electric by 11.4% during the first quarter. First Foundation Advisors now owns 5,075 shares of the industrial products company’s stock valued at $576,000 after purchasing an additional 521 shares during the last quarter. Nicolet Advisory Services LLC lifted its position in Emerson Electric by 20.5% during the first quarter. Nicolet Advisory Services LLC now owns 3,361 shares of the industrial products company’s stock valued at $384,000 after purchasing an additional 572 shares during the period. Spirepoint Private Client LLC purchased a new stake in Emerson Electric in the first quarter worth approximately $214,000. Finally, TIAA Trust National Association increased its position in Emerson Electric by 2.4% during the first quarter. TIAA Trust National Association now owns 31,140 shares of the industrial products company’s stock valued at $3,532,000 after acquiring an additional 735 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. BNP Paribas started coverage on Emerson Electric in a research report on Wednesday. They set an “outperform” rating and a $155.00 target price on the stock. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Thursday. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. KeyCorp raised their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $130.00.

Emerson Electric Stock Performance

Shares of EMR stock opened at $126.78 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The business has a fifty day moving average of $111.14 and a 200 day moving average of $109.96. The firm has a market capitalization of $72.29 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $87.17 and a 1 year high of $131.56.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.66%. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Emerson Electric Company Profile

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.