Winthrop Advisory Group LLC Sells 88 Shares of Emerson Electric Co. (NYSE:EMR)

Winthrop Advisory Group LLC lowered its stake in Emerson Electric Co. (NYSE:EMR) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,221 shares of the industrial products company’s stock after selling 88 shares during the quarter. Winthrop Advisory Group LLC’s holdings in Emerson Electric were worth $523,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in 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 during the period. Wedmont Private Capital raised its holdings in shares of Emerson Electric by 2.0% in the third quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock worth $557,000 after acquiring an additional 99 shares during the last quarter. Unison Advisors LLC grew its position in shares of Emerson Electric by 0.5% in the third quarter. Unison Advisors LLC now owns 21,115 shares of the industrial products company’s stock valued at $2,309,000 after purchasing an additional 99 shares during the period. Chesapeake Wealth Management grew its position 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 purchasing an additional 100 shares during the period. Finally, Gabelli Funds LLC grew its position in shares of Emerson Electric by 1.9% in the second quarter. Gabelli Funds LLC now owns 5,380 shares of the industrial products company’s stock valued at $593,000 after purchasing an additional 100 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE EMR traded down $0.41 during midday trading on Monday, hitting $117.53. 264,618 shares of the company’s stock traded hands, compared to its average volume of 2,122,913. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The stock has a market capitalization of $66.94 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35. 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 firm has a fifty day moving average of $127.08 and a 200 day moving average of $114.87.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.80%. The ex-dividend date was Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is 61.70%.

Analyst Ratings Changes

EMR has been the subject of a number of research reports. Robert W. Baird boosted their price target on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Barclays lifted their price target on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. Oppenheimer upped their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, Royal Bank of Canada cut their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.84.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction 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 approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

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.