Wendell David Associates Inc. Sells 1,655 Shares of Emerson Electric Co. (NYSE:EMR)

Wendell David Associates Inc. lessened its stake in Emerson Electric Co. (NYSE:EMR) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,980 shares of the industrial products company’s stock after selling 1,655 shares during the quarter. Wendell David Associates Inc.’s holdings in Emerson Electric were worth $4,211,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the 3rd quarter valued at about $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric during the fourth quarter worth about $27,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric during the third quarter worth approximately $29,000. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric in the third quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at approximately $33,000. 74.30% of the stock is owned by institutional investors.

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 sale, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EMR. Oppenheimer raised their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. BNP Paribas assumed coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price for the company. Loop Capital upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Barclays boosted their price objective on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. lowered their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.89.

Emerson Electric Stock Performance

NYSE EMR opened at $130.02 on Thursday. 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 1 year low of $91.64 and a 1 year high of $134.85. The firm has a market capitalization of $74.05 billion, a price-to-earnings ratio of 38.02, a P/E/G ratio of 2.21 and a beta of 1.35. The firm’s 50 day simple moving average is $126.98 and its 200 day simple moving average is $115.55.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. Emerson Electric’s dividend payout ratio is 61.70%.

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.