Guardian Wealth Advisors LLC Decreases Stock Position in Emerson Electric Co. (NYSE:EMR)

Guardian Wealth Advisors LLC lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 11.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,474 shares of the industrial products company’s stock after selling 600 shares during the period. Guardian Wealth Advisors LLC’s holdings in Emerson Electric were worth $489,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric in the 3rd quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new position in shares of Emerson Electric during the first quarter worth about $31,000. Meeder Asset Management Inc. raised its position in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $33,000. Finally, Frazier Financial Advisors LLC purchased a new position in Emerson Electric during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR opened at $129.20 on Tuesday. The company has a market capitalization of $73.67 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 2.13 and a beta of 1.30. 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 $87.55 and a one year high of $131.56. The company’s fifty day moving average price is $111.73 and its 200 day moving average price is $110.16.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid 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 is Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.63%. Emerson Electric’s dividend payout ratio is presently 61.70%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

EMR has been the topic of a number of recent analyst reports. Royal Bank of Canada reduced their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Robert W. Baird increased their price target on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Wells Fargo & Company boosted their price objective on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, KeyCorp raised their price objective on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $130.00.

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.