Accel Wealth Management Reduces Position in Emerson Electric Co. (NYSE:EMR)

Accel Wealth Management trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,714 shares of the industrial products company’s stock after selling 240 shares during the period. Accel Wealth Management’s holdings in Emerson Electric were worth $460,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EMR. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric during the 3rd quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric during the 3rd quarter valued at about $29,000. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric during the third quarter worth about $33,000. Finally, Frazier Financial Advisors LLC purchased a new position in Emerson Electric during the third quarter worth about $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.4 %

Shares of Emerson Electric stock opened at $130.62 on Friday. The company’s fifty day moving average is $127.10 and its two-hundred day moving average is $115.91. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The company has a market capitalization of $74.39 billion, a P/E ratio of 38.19, a PEG ratio of 2.22 and a beta of 1.35.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid 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 yield of 1.62%. Emerson Electric’s dividend payout ratio is currently 61.70%.

Insiders Place Their Bets

In other 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 value of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was 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 accessible through this hyperlink. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays upped their price target on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. BNP Paribas initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target for the company. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. KeyCorp boosted their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Jefferies Financial Group initiated coverage on Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.