Burney Co. Trims Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Burney Co. lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 27.9% in the fourth quarter, HoldingsChannel reports. The firm owned 23,566 shares of the industrial products company’s stock after selling 9,132 shares during the quarter. Burney Co.’s holdings in Emerson Electric were worth $2,920,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. State Street Corp raised its position in shares of Emerson Electric by 6.2% in 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 buying an additional 1,507,980 shares during the last quarter. Wellington Management Group LLP raised its holdings in Emerson Electric by 4.2% in the 3rd 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 during the last quarter. Geode Capital Management LLC lifted its stake in shares of Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after purchasing an additional 162,985 shares during the period. Nordea Investment Management AB boosted its holdings in shares of 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 worth $871,083,000 after purchasing an additional 375,470 shares during the last quarter. Finally, Newport Trust Company LLC purchased a new stake in shares of Emerson Electric in the second quarter valued at $574,908,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 sale, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.

Emerson Electric Stock Up 0.8 %

Shares of NYSE:EMR opened at $120.75 on Thursday. The company has a market capitalization of $68.77 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35. The company has a 50 day moving average of $127.30 and a two-hundred day moving average of $115.01. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week high of $134.85. 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 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 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 a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on EMR shares. Jefferies Financial Group assumed coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. Barclays boosted their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Royal Bank of Canada lowered their price objective 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. Finally, UBS Group initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.89.

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.