Magnus Financial Group LLC Has $217,000 Stake in Emerson Electric Co. (NYSE:EMR)

Magnus Financial Group LLC lessened its stake in Emerson Electric Co. (NYSE:EMR) by 24.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,754 shares of the industrial products company’s stock after selling 554 shares during the period. Magnus Financial Group LLC’s holdings in Emerson Electric were worth $217,000 at the end of the most recent quarter.

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

Insider Activity at Emerson Electric

In other 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 transaction 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 $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.50% of the stock is owned by insiders.

Emerson Electric Trading Up 1.0 %

NYSE EMR opened at $131.20 on Friday. The stock has a market capitalization of $74.72 billion, a price-to-earnings ratio of 38.36, a PEG ratio of 2.21 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. The stock’s 50 day moving average price is $126.98 and its two-hundred day moving average price is $115.65. 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 announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a dividend of $0.5275 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.61%. Emerson Electric’s dividend payout ratio is presently 61.70%.

Analysts Set New Price Targets

Several brokerages have commented on EMR. Robert W. Baird upped their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their target price on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer boosted their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Wells Fargo & Company reduced their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. One research 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 currently has a consensus rating of “Moderate Buy” and a consensus 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.