Emerson Electric Co. (NYSE:EMR) Shares Sold by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 147,024 shares of the industrial products company’s stock after selling 160 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Emerson Electric were worth $18,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EMR. Wealth Enhancement Advisory Services LLC grew its holdings in Emerson Electric by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 354,034 shares of the industrial products company’s stock worth $43,875,000 after acquiring an additional 983 shares during the period. Legacy Private Trust Co. boosted its position in Emerson Electric by 7.0% in the 4th quarter. Legacy Private Trust Co. now owns 18,893 shares of the industrial products company’s stock worth $2,341,000 after purchasing an additional 1,230 shares in the last quarter. First Hawaiian Bank grew its stake in shares of Emerson Electric by 84.4% during the 4th quarter. First Hawaiian Bank now owns 5,891 shares of the industrial products company’s stock worth $730,000 after purchasing an additional 2,696 shares during the period. Douglas Lane & Associates LLC lifted its stake in shares of Emerson Electric by 16.3% in the 4th quarter. Douglas Lane & Associates LLC now owns 8,904 shares of the industrial products company’s stock valued at $1,103,000 after purchasing an additional 1,245 shares during the period. Finally, InvesTrust purchased a new stake in Emerson Electric during the fourth quarter worth $1,536,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated 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 $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Trading Down 1.9 %

Shares of EMR traded down $2.30 during midday trading on Friday, reaching $118.00. The company had a trading volume of 632,090 shares, compared to its average volume of 1,922,638. The firm has a 50 day simple moving average of $126.90 and a 200-day simple moving average of $114.70. 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 stock has a market cap of $67.20 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 2.19 and a beta of 1.34. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85.

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 issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.79%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s payout ratio is presently 61.70%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays upped their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. UBS Group initiated coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. Wells Fargo & Company cut their price objective on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday. Loop Capital increased their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, BNP Paribas began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $134.84.

Emerson Electric 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.