Hoese & Co LLP Sells 240 Shares of Emerson Electric Co. (NYSE:EMR)

Hoese & Co LLP reduced its position in Emerson Electric Co. (NYSE:EMR) by 13.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,510 shares of the industrial products company’s stock after selling 240 shares during the quarter. Emerson Electric accounts for approximately 0.2% of Hoese & Co LLP’s holdings, making the stock its 29th biggest holding. Hoese & Co LLP’s holdings in Emerson Electric were worth $187,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Intech Investment Management LLC increased its stake in Emerson Electric by 30.2% in the 2nd quarter. Intech Investment Management LLC now owns 23,677 shares of the industrial products company’s stock worth $2,608,000 after buying an additional 5,497 shares during the period. Pacer Advisors Inc. increased its position in shares of Emerson Electric by 8.7% during the second quarter. Pacer Advisors Inc. now owns 52,061 shares of the industrial products company’s stock worth $5,735,000 after acquiring an additional 4,176 shares during the period. Sei Investments Co. raised its stake in shares of Emerson Electric by 8.4% during the second quarter. Sei Investments Co. now owns 263,161 shares of the industrial products company’s stock valued at $28,985,000 after acquiring an additional 20,332 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Emerson Electric by 1.2% in the second quarter. Thrivent Financial for Lutherans now owns 29,956 shares of the industrial products company’s stock worth $3,301,000 after purchasing an additional 347 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its holdings in Emerson Electric by 3.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 18,218 shares of the industrial products company’s stock worth $2,007,000 after purchasing an additional 684 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.1 %

EMR opened at $124.65 on Tuesday. The company has a fifty day moving average of $127.05 and a two-hundred day moving average of $115.31. 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 Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The stock has a market capitalization of $70.99 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 1.98 and a beta of 1.35.

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 issued a $0.5275 dividend. 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 dividend on an annualized basis and a yield of 1.69%. Emerson Electric’s dividend payout ratio is presently 61.70%.

Analysts Set New Price Targets

EMR has been the subject of several research reports. JPMorgan Chase & Co. lowered their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Barclays increased their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Stephens downgraded shares of 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 report on Wednesday, October 16th. Finally, StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.89.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.

Emerson Electric 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.