Emerson Electric Co. (NYSE:EMR) Shares Sold by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,965 shares of the industrial products company’s stock after selling 115 shares during the period. Kavar Capital Partners Group LLC’s holdings in Emerson Electric were worth $3,714,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EMR. Thrivent Financial for Lutherans increased its holdings in Emerson Electric by 1.2% during the 2nd 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 during the period. Public Sector Pension Investment Board raised its holdings in Emerson Electric by 74.7% in the second quarter. Public Sector Pension Investment Board now owns 22,077 shares of the industrial products company’s stock valued at $2,432,000 after acquiring an additional 9,443 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Emerson Electric by 43.5% in the 2nd quarter. AQR Capital Management LLC now owns 47,192 shares of the industrial products company’s stock valued at $5,174,000 after purchasing an additional 14,301 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Emerson Electric by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 756,776 shares of the industrial products company’s stock valued at $83,359,000 after purchasing an additional 6,070 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of Emerson Electric by 1.1% during the 2nd quarter. Mackenzie Financial Corp now owns 59,437 shares of the industrial products company’s stock worth $6,548,000 after purchasing an additional 621 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.4 %

NYSE:EMR opened at $130.62 on Monday. 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 stock’s 50 day simple moving average is $127.10 and its 200-day simple moving average is $115.98. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85. The firm has a market cap of $74.39 billion, a P/E ratio of 38.19, a PEG ratio of 2.22 and a beta of 1.35.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. Emerson Electric’s payout ratio is presently 61.70%.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction on Wednesday, November 6th. The stock was 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. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. KeyCorp raised their price target on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Royal Bank of Canada cut their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. BNP Paribas began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. UBS Group initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. Finally, Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.89.

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.