Emerson Electric Co. (NYSE:EMR) Holdings Lowered by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC lowered its stake in Emerson Electric Co. (NYSE:EMR) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,935 shares of the industrial products company’s stock after selling 420 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Emerson Electric were worth $12,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric in the third quarter valued at $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the third quarter worth $29,000. Frazier Financial Advisors LLC acquired a new position in Emerson Electric during the third quarter valued at $33,000. Finally, Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric in the 3rd quarter worth about $33,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was 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 directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. JPMorgan Chase & Co. dropped 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, January 15th. Robert W. Baird boosted 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. Finally, KeyCorp raised their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Trading Up 0.4 %

Shares of Emerson Electric stock opened at $130.02 on Thursday. The company has a market cap of $74.05 billion, a price-to-earnings ratio of 38.02, a PEG ratio of 2.21 and a beta of 1.35. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The company’s fifty day simple moving average is $126.98 and its 200-day simple moving average is $115.55. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. Emerson Electric’s payout ratio is presently 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.