Red Spruce Capital LLC Has $4.08 Million Stake in Emerson Electric Co. (NYSE:EMR)

Red Spruce Capital LLC lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 32,896 shares of the industrial products company’s stock after selling 625 shares during the period. Emerson Electric makes up about 1.8% of Red Spruce Capital LLC’s investment portfolio, making the stock its 15th largest position. Red Spruce Capital LLC’s holdings in Emerson Electric were worth $4,077,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Pathway Financial Advisers LLC grew its holdings in shares of Emerson Electric by 10,993.2% during the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after buying an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the last quarter. State Street Corp boosted its holdings in Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares during the last quarter. Swedbank AB increased its stake in Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares during the last quarter. Finally, Perpetual Ltd lifted its position in Emerson Electric by 57,336.1% during the 3rd quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock worth $131,918,000 after buying an additional 1,204,058 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Loop Capital increased their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. lowered their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. BNP Paribas started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective for the company. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Oppenheimer raised their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. One equities research 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $129.51 on Wednesday. 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 Co. has a 12-month low of $91.64 and a 12-month high of $134.85. The company’s 50 day moving average price is $126.96 and its two-hundred day moving average price is $115.41. The firm has a market cap of $73.76 billion, a PE ratio of 37.87, a PEG ratio of 2.12 and a beta of 1.35.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is 61.70%.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of the business’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 transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by company insiders.

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.