Essex Savings Bank Sells 1,351 Shares of Emerson Electric Co. (NYSE:EMR)

Essex Savings Bank lessened its stake in Emerson Electric Co. (NYSE:EMR) by 12.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,119 shares of the industrial products company’s stock after selling 1,351 shares during the quarter. Essex Savings Bank’s holdings in Emerson Electric were worth $1,130,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EMR. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric during the 3rd quarter valued at about $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the third quarter worth about $29,000. Frazier Financial Advisors LLC bought a new position in Emerson Electric during the third quarter valued at approximately $33,000. Morton Brown Family Wealth LLC purchased a new position in Emerson Electric during the 3rd quarter valued at approximately $33,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Emerson Electric in the 3rd quarter worth approximately $43,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Jefferies Financial Group began coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price for the company. JPMorgan Chase & Co. reduced 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. Wells Fargo & Company lowered their price target on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Oppenheimer lifted their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Robert W. Baird raised their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Price Performance

Emerson Electric stock opened at $120.75 on Thursday. The stock has a market cap of $68.77 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. The firm has a 50-day moving average of $127.30 and a two-hundred day moving average of $115.01. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric Increases Dividend

The company 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. The ex-dividend date was Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.75%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is 61.70%.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by company insiders.

About Emerson Electric

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.