Pacer Advisors Inc. Has $5.78 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Pacer Advisors Inc. reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 12.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,652 shares of the industrial products company’s stock after selling 6,905 shares during the period. Pacer Advisors Inc.’s holdings in Emerson Electric were worth $5,782,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EMR. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the 3rd quarter worth approximately $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the 4th quarter valued at $27,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the third quarter worth $29,000. Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at $33,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Emerson Electric in the third quarter valued at about $33,000. 74.30% of the stock is currently 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 shares were 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. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on EMR shares. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Jefferies Financial Group began coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Finally, Loop Capital lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.45.

Emerson Electric Stock Performance

EMR stock opened at $128.92 on Thursday. Emerson Electric Co. has a 1-year low of $91.64 and a 1-year high of $134.85. The business’s 50-day moving average price is $127.10 and its two-hundred day moving average price is $116.19. The firm has a market cap of $73.42 billion, a PE ratio of 37.70, a P/E/G ratio of 2.22 and a beta of 1.35. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a $0.5275 dividend. The ex-dividend date was Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.64%. Emerson Electric’s payout ratio is currently 61.70%.

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.