Meyer Handelman Co. Sells 320 Shares of Emerson Electric Co. (NYSE:EMR)

Meyer Handelman Co. cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,443 shares of the industrial products company’s stock after selling 320 shares during the quarter. Meyer Handelman Co.’s holdings in Emerson Electric were worth $13,068,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EMR. Capital Performance Advisors LLP purchased a new position in Emerson Electric in the third quarter worth about $25,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the third quarter valued at approximately $29,000. Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the 3rd quarter valued at approximately $33,000. Frazier Financial Advisors LLC purchased a new stake in Emerson Electric during the 3rd quarter valued at $33,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Emerson Electric in the 3rd quarter worth $43,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

NYSE EMR opened at $119.80 on Wednesday. The stock has a market cap of $68.23 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 2.19 and a beta of 1.35. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85. The company’s 50 day moving average is $127.30 and its two-hundred day moving average is $115.01. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a dividend of $0.5275 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.76%. Emerson Electric’s payout ratio is 61.70%.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was 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 of the company’s stock, 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. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on EMR shares. 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 objective on the stock. 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 research note on Thursday, December 5th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. Finally, Royal Bank of Canada dropped their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $134.84.

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.