Emerson Electric Co. (NYSE:EMR) Stock Holdings Lessened by Royal Fund Management LLC

Royal Fund Management LLC trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 60.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,820 shares of the industrial products company’s stock after selling 47,888 shares during the quarter. Royal Fund Management LLC’s holdings in Emerson Electric were worth $3,994,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Chesapeake Wealth Management purchased a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $206,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric in the fourth quarter valued at $27,000. Mitchell & Pahl Private Wealth LLC boosted its position in shares of Emerson Electric by 4.3% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 19,824 shares of the industrial products company’s stock worth $2,457,000 after buying an additional 816 shares during the period. Ballentine Partners LLC grew its holdings in shares of Emerson Electric by 2.7% during the fourth quarter. Ballentine Partners LLC now owns 14,942 shares of the industrial products company’s stock valued at $1,852,000 after buying an additional 397 shares in the last quarter. Finally, Martel Wealth Advisors Inc acquired a new position in Emerson Electric during the fourth quarter valued at $372,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $124.65 on Tuesday. The firm has a fifty day moving average price of $127.05 and a two-hundred day moving average price of $115.31. 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 debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The company has a market cap of $70.99 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.35.

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 paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.69%. 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 payout ratio is currently 61.70%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on EMR shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Jefferies Financial Group initiated coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price on the stock. Loop Capital lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Finally, Barclays boosted their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $135.89.

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.