Everence Capital Management Inc. Has $2.40 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Everence Capital Management Inc. trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 39.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 19,394 shares of the industrial products company’s stock after selling 12,600 shares during the quarter. Everence Capital Management Inc.’s holdings in Emerson Electric were worth $2,403,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Emerson Electric by 14.1% in the 4th quarter. GAMMA Investing LLC now owns 8,795 shares of the industrial products company’s stock valued at $1,090,000 after buying an additional 1,090 shares during the period. Versant Capital Management Inc boosted its stake in Emerson Electric by 100.9% in the 4th quarter. Versant Capital Management Inc now owns 4,461 shares of the industrial products company’s stock valued at $553,000 after buying an additional 2,240 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Emerson Electric by 2.9% in the 3rd quarter. Principal Financial Group Inc. now owns 812,976 shares of the industrial products company’s stock valued at $88,915,000 after purchasing an additional 23,205 shares in the last quarter. Syntax Research Inc. boosted its holdings in shares of Emerson Electric by 1,318.7% in the 3rd quarter. Syntax Research Inc. now owns 3,561 shares of the industrial products company’s stock worth $389,000 after acquiring an additional 3,310 shares in the last quarter. Finally, Logan Capital Management Inc. raised its stake in shares of Emerson Electric by 0.6% in the third quarter. Logan Capital Management Inc. now owns 45,770 shares of the industrial products company’s stock worth $5,006,000 after acquiring an additional 260 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

EMR has been the subject of a number of recent analyst reports. Royal Bank of Canada dropped their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Loop Capital upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. BNP Paribas initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective for the company. Robert W. Baird increased their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Barclays raised their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.58.

Insider Buying and Selling 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 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 of the company’s stock, valued at approximately $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 accessible through this link. 0.50% of the stock is owned by company insiders.

Emerson Electric Trading Up 0.4 %

Shares of EMR stock traded up $0.54 during mid-day trading on Friday, reaching $122.72. The stock had a trading volume of 368,966 shares, compared to its average volume of 1,075,598. 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 firm has a market capitalization of $69.89 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 2.20 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 $125.63 and its two-hundred day moving average price is $114.25.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.72%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) 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.