Emerson Electric Co. (NYSE:EMR) Shares Sold by Greenfield Savings Bank

Greenfield Savings Bank cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,090 shares of the industrial products company’s stock after selling 272 shares during the quarter. Greenfield Savings Bank’s holdings in Emerson Electric were worth $755,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EMR. Wilmington Savings Fund Society FSB raised its stake in Emerson Electric by 120.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after acquiring an additional 30,741 shares in the last quarter. Geode Capital Management LLC raised its stake in Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after acquiring an additional 162,985 shares in the last quarter. Bank of Montreal Can raised its stake in Emerson Electric by 17.0% during the 2nd quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock worth $152,359,000 after acquiring an additional 194,944 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in Emerson Electric by 8.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock worth $7,578,000 after acquiring an additional 5,416 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in Emerson Electric by 130.0% during the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after acquiring an additional 5,393 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of EMR stock opened at $118.50 on Tuesday. The company has a market capitalization of $67.49 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35. The firm has a fifty day simple moving average of $127.26 and a 200-day simple moving average of $114.94. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.78%. Emerson Electric’s dividend payout ratio is currently 61.70%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on EMR shares. Jefferies Financial Group started coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. Barclays raised 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. Loop Capital raised their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Oppenheimer raised their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Royal Bank of Canada lowered their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $134.84.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business’s 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 owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

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.