LVW Advisors LLC Cuts Position in Emerson Electric Co. (NYSE:EMR)

LVW Advisors LLC reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 7.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,888 shares of the industrial products company’s stock after selling 219 shares during the period. LVW Advisors LLC’s holdings in Emerson Electric were worth $358,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Eldred Rock Partners LLC increased its stake in Emerson Electric by 0.4% during the fourth quarter. Eldred Rock Partners LLC now owns 91,463 shares of the industrial products company’s stock worth $11,347,000 after purchasing an additional 391 shares during the period. Annex Advisory Services LLC purchased a new stake in Emerson Electric during the 4th quarter worth approximately $223,000. Grove Bank & Trust lifted its holdings in Emerson Electric by 5.4% during the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock worth $217,000 after buying an additional 90 shares in the last quarter. Renaissance Investment Group LLC acquired a new position in shares of Emerson Electric in the fourth quarter worth $220,000. Finally, Aaron Wealth Advisors LLC increased its position in shares of Emerson Electric by 20.7% during the fourth quarter. Aaron Wealth Advisors LLC now owns 6,348 shares of the industrial products company’s stock worth $787,000 after acquiring an additional 1,089 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.1 %

Shares of Emerson Electric stock opened at $124.65 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The company has a market cap of $70.99 billion, a P/E ratio of 36.45, a PEG ratio of 1.98 and a beta of 1.35. Emerson Electric Co. has a one year low of $91.64 and a one year high of $134.85. The firm has a fifty day moving average of $127.05 and a two-hundred day moving average of $115.31.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a $0.5275 dividend. 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 annualized dividend and a dividend yield of 1.69%. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Insider Buying and Selling

In related 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 completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on EMR. KeyCorp boosted their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. UBS Group initiated coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price 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. Oppenheimer raised their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, Robert W. Baird increased their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target 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.