Shulman DeMeo Asset Management LLC Sells 516 Shares of Emerson Electric Co. (NYSE:EMR)

Shulman DeMeo Asset Management LLC lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 15.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,779 shares of the industrial products company’s stock after selling 516 shares during the quarter. Shulman DeMeo Asset Management LLC’s holdings in Emerson Electric were worth $344,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in Emerson Electric in the third quarter worth $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the third quarter valued at $29,000. Morton Brown Family Wealth LLC bought a new stake in shares of Emerson Electric in the 3rd quarter worth about $33,000. Frazier Financial Advisors LLC purchased a new stake in Emerson Electric in the 3rd quarter worth about $33,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $43,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 2.1 %

Shares of NYSE:EMR opened at $123.32 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 firm has a market capitalization of $70.23 billion, a price-to-earnings ratio of 36.06, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The business’s 50 day moving average price is $127.18 and its 200-day moving average price is $115.05.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.71%. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on EMR. Jefferies Financial Group started coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. 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 target for the company. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. 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, Royal Bank of Canada cut their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.89.

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.