Centric Wealth Management Sells 180 Shares of Emerson Electric Co. (NYSE:EMR)

Centric Wealth Management cut its holdings in Emerson Electric Co. (NYSE:EMR) by 10.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,596 shares of the industrial products company’s stock after selling 180 shares during the quarter. Centric Wealth Management’s holdings in Emerson Electric were worth $175,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Virtu Financial LLC bought a new stake in shares of Emerson Electric during the first quarter valued at approximately $968,000. Atria Investments Inc boosted its position in Emerson Electric by 48.5% in the 1st quarter. Atria Investments Inc now owns 50,626 shares of the industrial products company’s stock valued at $5,741,000 after buying an additional 16,525 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Emerson Electric by 446.5% in the 1st quarter. Cetera Investment Advisers now owns 195,095 shares of the industrial products company’s stock valued at $22,128,000 after buying an additional 159,395 shares during the period. Cetera Advisors LLC lifted its stake in shares of Emerson Electric by 24.6% during the first quarter. Cetera Advisors LLC now owns 68,057 shares of the industrial products company’s stock valued at $7,719,000 after acquiring an additional 13,434 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in Emerson Electric by 242.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 169,857 shares of the industrial products company’s stock valued at $19,265,000 after acquiring an additional 120,273 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. KeyCorp raised their price objective on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. UBS Group initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Barclays increased their target price on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $132.59 on Friday. The company has a fifty day moving average price of $116.33 and a 200 day moving average price of $111.30. The firm has a market cap of $75.60 billion, a PE ratio of 38.77, a PEG ratio of 2.23 and a beta of 1.30. 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 $87.55 and a 1-year high of $134.17.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.59%. Emerson Electric’s dividend payout ratio (DPR) is presently 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.