Brady Family Wealth LLC Sells 246 Shares of Emerson Electric Co. (NYSE:EMR)

Brady Family Wealth LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 3.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,470 shares of the industrial products company’s stock after selling 246 shares during the period. Brady Family Wealth LLC’s holdings in Emerson Electric were worth $802,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. State Street Corp grew its holdings in shares of Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares in the last quarter. Wellington Management Group LLP lifted its position in Emerson Electric by 4.2% during the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock valued at $1,591,612,000 after purchasing an additional 581,102 shares during the last quarter. Geode Capital Management LLC grew its stake in Emerson Electric by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after buying an additional 162,985 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Emerson Electric by 5.7% during the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock valued at $871,083,000 after buying an additional 375,470 shares in the last quarter. Finally, Newport Trust Company LLC bought a new stake in shares of Emerson Electric during the 2nd quarter worth $574,908,000. 74.30% of the stock is currently owned by institutional investors.

Insider Transactions at Emerson Electric

In other 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 value of $2,711,289.00. Following the completion of the sale, the senior vice president now directly 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 accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on EMR shares. Oppenheimer increased their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Barclays increased their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Robert W. Baird upped their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday. One investment 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $120.75 on Thursday. 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 company has a 50-day moving average price of $127.30 and a 200-day moving average price of $115.01. The company 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. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a $0.5275 dividend. The ex-dividend date of this dividend 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 (DPR) is 61.70%.

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.