Balboa Wealth Partners Sells 648 Shares of Emerson Electric Co. (NYSE:EMR)

Balboa Wealth Partners lowered its position in Emerson Electric Co. (NYSE:EMR) by 21.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,426 shares of the industrial products company’s stock after selling 648 shares during the quarter. Balboa Wealth Partners’ holdings in Emerson Electric were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Thrive Wealth Management LLC raised its holdings in Emerson Electric by 4.1% in the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 91 shares in the last quarter. LCM Capital Management Inc raised its stake in Emerson Electric by 1.4% in the second quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock worth $748,000 after buying an additional 91 shares in the last quarter. Sabal Trust CO lifted its holdings in Emerson Electric by 2.2% in the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock worth $475,000 after buying an additional 93 shares during the period. Catalyst Financial Partners LLC boosted its position in Emerson Electric by 3.7% during the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 94 shares in the last quarter. Finally, Unison Advisors LLC grew its holdings in shares of Emerson Electric by 0.5% during the 2nd quarter. Unison Advisors LLC now owns 21,016 shares of the industrial products company’s stock worth $2,315,000 after acquiring an additional 96 shares during the period. Institutional investors own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. KeyCorp lifted their price target on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Oppenheimer upped their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley started coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. Finally, Wells Fargo & Company boosted their price target on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Emerson Electric Price Performance

NYSE EMR opened at $126.78 on Friday. 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 capitalization of $72.29 billion, a price-to-earnings ratio of 37.07, a PEG ratio of 2.18 and a beta of 1.30. The stock has a 50-day moving average of $110.57 and a 200 day moving average of $109.84. Emerson Electric Co. has a one year low of $87.17 and a one year high of $131.56.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s payout ratio is presently 61.70%.

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.