Emerson Electric Co. (NYSE:EMR) Shares Sold by Iowa State Bank

Iowa State Bank trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,773 shares of the industrial products company’s stock after selling 180 shares during the period. Emerson Electric accounts for 1.9% of Iowa State Bank’s holdings, making the stock its 16th biggest position. Iowa State Bank’s holdings in Emerson Electric were worth $9,267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in EMR. Newport Trust Company LLC acquired a new position in shares of Emerson Electric during the 2nd quarter valued at about $574,908,000. Pathway Financial Advisers LLC lifted its holdings in Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after acquiring an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp increased its stake in Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after acquiring an additional 2,016,075 shares during the last quarter. State Street Corp lifted its stake in shares of Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after purchasing an additional 1,507,980 shares during the last quarter. Finally, Swedbank AB increased its position in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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 transaction, 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 legal filing with the SEC, which is available through this link. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

EMR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company increased their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. BNP Paribas assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. UBS Group started coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. Finally, 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $134.58.

Emerson Electric Price Performance

Emerson Electric stock traded down $0.54 during midday trading on Monday, reaching $122.90. 1,005,652 shares of the company were exchanged, compared to its average volume of 1,451,846. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The company has a market capitalization of $70.00 billion, a price-to-earnings ratio of 35.94, a P/E/G ratio of 2.20 and a beta of 1.35. The firm’s 50-day simple moving average is $125.93 and its 200-day simple moving average is $114.44. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 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.