AM Investment Strategies LLC Trims Stock Holdings in Emerson Electric Co. (NYSE:EMR)

AM Investment Strategies LLC decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 18.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,280 shares of the industrial products company’s stock after selling 520 shares during the period. AM Investment Strategies LLC’s holdings in Emerson Electric were worth $283,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of EMR. State Street Corp grew its stake in Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after acquiring an additional 1,507,980 shares in the last quarter. Wellington Management Group LLP grew its stake in Emerson Electric by 4.2% during the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock valued at $1,591,612,000 after acquiring an additional 581,102 shares in the last quarter. Geode Capital Management LLC grew its stake in Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after acquiring an additional 162,985 shares in the last quarter. Nordea Investment Management AB grew its stake in Emerson Electric by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock valued at $871,083,000 after acquiring an additional 375,470 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Emerson Electric by 5.2% during the second quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock valued at $496,877,000 after acquiring an additional 224,784 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.4 %

Emerson Electric stock opened at $130.62 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85. The company has a market capitalization of $74.39 billion, a price-to-earnings ratio of 38.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The stock has a 50-day moving average price of $127.02 and a 200 day moving average price of $115.76.

Emerson Electric Increases Dividend

The company also recently declared 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 represents a $2.11 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Analyst Ratings Changes

Several equities analysts recently commented on EMR shares. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Barclays lifted their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Jefferies Financial Group began coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. Finally, Robert W. Baird upped their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One 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 MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $135.89.

Insider Activity at Emerson Electric

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 in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by company 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.