AHL Investment Management Inc. Reduces Stake in Emerson Electric Co. (NYSE:EMR)

AHL Investment Management Inc. decreased its position in Emerson Electric Co. (NYSE:EMR) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 27,403 shares of the industrial products company’s stock after selling 120 shares during the period. Emerson Electric comprises approximately 2.4% of AHL Investment Management Inc.’s portfolio, making the stock its 14th biggest holding. AHL Investment Management Inc.’s holdings in Emerson Electric were worth $3,396,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in Emerson Electric during the 3rd quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth approximately $29,000. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric during the 3rd quarter valued at $33,000. Frazier Financial Advisors LLC purchased a new position in Emerson Electric during the third quarter worth $33,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Emerson Electric in the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.1 %

NYSE:EMR opened at $124.65 on Monday. 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 stock has a 50 day moving average of $127.05 and a 200-day moving average of $115.27. The firm has a market capitalization of $70.99 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85.

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 given a $0.5275 dividend. The ex-dividend date was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.69%. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Wall Street Analysts Forecast Growth

EMR has been the subject of several analyst reports. Loop Capital boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Robert W. Baird upped their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. UBS Group initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target for the company. Wells Fargo & Company cut their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Oppenheimer upped their price target 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.89.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the 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 transaction, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by 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.