Teamwork Financial Advisors LLC Has $3.18 Million Position in Emerson Electric Co. (NYSE:EMR)

Teamwork Financial Advisors LLC decreased its position in Emerson Electric Co. (NYSE:EMR) by 14.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 25,646 shares of the industrial products company’s stock after selling 4,295 shares during the period. Teamwork Financial Advisors LLC’s holdings in Emerson Electric were worth $3,178,000 as of its most recent filing with the SEC.

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

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $130.02 on Thursday. 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 Co. has a one year low of $91.64 and a one year high of $134.85. 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. The firm has a 50 day simple moving average of $126.98 and a 200 day simple moving average of $115.65.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a $0.5275 dividend. 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%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 61.70%.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the subject of several recent analyst reports. BNP Paribas initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective for the company. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company reduced their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Company Profile

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.