Smith Salley Wealth Management Sells 450 Shares of Emerson Electric Co. (NYSE:EMR)

Smith Salley Wealth Management trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,896 shares of the industrial products company’s stock after selling 450 shares during the period. Smith Salley Wealth Management’s holdings in Emerson Electric were worth $3,085,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EMR. Ameritas Advisory Services LLC raised its holdings in Emerson Electric by 2.8% during the fourth quarter. Ameritas Advisory Services LLC now owns 15,516 shares of the industrial products company’s stock valued at $1,923,000 after buying an additional 429 shares in the last quarter. HB Wealth Management LLC raised its stake in shares of Emerson Electric by 14.1% in the 4th quarter. HB Wealth Management LLC now owns 29,374 shares of the industrial products company’s stock valued at $3,640,000 after acquiring an additional 3,636 shares in the last quarter. Trust Co. of Vermont boosted its position in Emerson Electric by 4.4% during the fourth quarter. Trust Co. of Vermont now owns 154,497 shares of the industrial products company’s stock worth $19,147,000 after purchasing an additional 6,522 shares during the period. CGN Advisors LLC acquired a new position in Emerson Electric during the fourth quarter valued at approximately $281,000. Finally, Howard Financial Services LTD. bought a new position in shares of Emerson Electric in the fourth quarter valued at approximately $274,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 1.1 %

EMR stock opened at $124.65 on Friday. 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 cap of $70.99 billion, a P/E ratio of 36.45, a P/E/G ratio of 1.98 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 business’s 50 day moving average is $127.05 and its 200-day moving average is $115.22.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.69%. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred 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 in the company, valued at approximately $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 SEC, which is accessible through this link. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EMR shares. Oppenheimer raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. UBS Group started coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. Wells Fargo & Company decreased their target price on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Finally, KeyCorp increased their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.89.

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.