Emerson Electric Co. (NYSE:EMR) Shares Sold by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,907 shares of the industrial products company’s stock after selling 497 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Emerson Electric were worth $608,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric in the third quarter valued at $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric in the 4th quarter worth about $27,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the 3rd quarter valued at about $29,000. Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric during the 3rd quarter valued at about $33,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Emerson Electric during the 3rd quarter worth about $33,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of EMR opened at $128.89 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The firm has a market cap of $73.41 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.22 and a beta of 1.35. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85. The stock has a 50 day moving average of $127.10 and a 200-day moving average of $115.98.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders 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 dividend yield of 1.64%. This is a boost 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 is 61.70%.

Analyst Ratings Changes

Several equities analysts recently commented on EMR shares. BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target for the company. UBS Group began coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. Jefferies Financial Group assumed coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Finally, Loop Capital lifted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. One 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 data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.89.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the firm’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 value of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

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.