Emerson Electric Co. (NYSE:EMR) Shares Sold by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 66.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,563 shares of the industrial products company’s stock after selling 54,582 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Emerson Electric were worth $3,416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Creative Financial Designs Inc. ADV grew its holdings in shares of Emerson Electric by 0.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company’s stock valued at $2,016,000 after buying an additional 97 shares during the last quarter. Unison Advisors LLC increased its holdings in shares of Emerson Electric by 0.5% in the third quarter. Unison Advisors LLC now owns 21,115 shares of the industrial products company’s stock valued at $2,309,000 after purchasing an additional 99 shares during the period. Wedmont Private Capital raised its stake in shares of Emerson Electric by 2.0% in the third quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock worth $557,000 after purchasing an additional 99 shares during the last quarter. Chesapeake Wealth Management boosted its position in Emerson Electric by 5.5% in the second quarter. Chesapeake Wealth Management now owns 1,930 shares of the industrial products company’s stock valued at $213,000 after buying an additional 100 shares during the last quarter. Finally, Gabelli Funds LLC increased its holdings in Emerson Electric by 1.9% in the 2nd quarter. Gabelli Funds LLC now owns 5,380 shares of the industrial products company’s stock worth $593,000 after buying an additional 100 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EMR. UBS Group initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. BNP Paribas assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price on the stock. Robert W. Baird boosted their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company cut their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.84.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on 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 of the company’s stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Trading Down 1.9 %

NYSE:EMR traded down $2.30 on Friday, reaching $118.00. The company’s stock had a trading volume of 732,002 shares, compared to its average volume of 1,934,515. The stock has a 50 day moving average price of $126.90 and a 200 day moving average price of $114.70. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85. 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 firm has a market cap of $67.20 billion, a price-to-earnings ratio of 34.50, a price-to-earnings-growth ratio of 2.19 and a beta of 1.34.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.79%. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

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.