Emerson Electric Co. (NYSE:EMR) Shares Sold by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,607 shares of the industrial products company’s stock after selling 100 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Emerson Electric were worth $1,315,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EMR. Creative Financial Designs Inc. ADV grew its holdings in shares of Emerson Electric by 0.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company’s stock worth $2,016,000 after purchasing an additional 97 shares in the last quarter. Wedmont Private Capital boosted its position in Emerson Electric by 2.0% in the third quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock valued at $557,000 after buying an additional 99 shares in the last quarter. Unison Advisors LLC grew its position in Emerson Electric by 0.5% during the 3rd quarter. Unison Advisors LLC now owns 21,115 shares of the industrial products company’s stock worth $2,309,000 after acquiring an additional 99 shares during the last quarter. Chesapeake Wealth Management increased its stake in shares of Emerson Electric by 5.5% in the second quarter. Chesapeake Wealth Management now owns 1,930 shares of the industrial products company’s stock valued at $213,000 after buying an additional 100 shares during the period. Finally, Gabelli Funds LLC increased its position in Emerson Electric by 1.9% in the 2nd quarter. Gabelli Funds LLC now owns 5,380 shares of the industrial products company’s stock valued at $593,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. KeyCorp boosted their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Wells Fargo & Company decreased their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday. Robert W. Baird raised their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Jefferies Financial Group started coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. Finally, Barclays lifted their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.84.

Emerson Electric Trading Down 0.2 %

Shares of EMR stock opened at $120.45 on Friday. The stock has a market capitalization of $68.60 billion, a P/E ratio of 35.22, a price-to-earnings-growth ratio of 2.19 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The company has a 50 day moving average price of $126.90 and a 200 day moving average price of $114.70.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.75%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s payout ratio is 61.70%.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction on 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 completion of the transaction, the senior vice president now 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 legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.

Emerson Electric Company 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.