Brave Asset Management Inc. Trims Stake in Emerson Electric Co. (NYSE:EMR)

Brave Asset Management Inc. cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,966 shares of the industrial products company’s stock after selling 365 shares during the quarter. Brave Asset Management Inc.’s holdings in Emerson Electric were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital Performance Advisors LLP purchased a new position in Emerson Electric during the third quarter worth about $25,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric in the 3rd quarter valued at approximately $29,000. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the third quarter worth $33,000. Frazier Financial Advisors LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at $33,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Emerson Electric during the 3rd quarter worth about $43,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Up 0.8 %

EMR opened at $120.75 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85. The business’s 50 day moving average is $127.30 and its two-hundred day moving average is $115.01. The firm has a market cap of $68.77 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 2.19 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 given a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.75%. Emerson Electric’s dividend payout ratio is 61.70%.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

EMR has been the topic of several research reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Robert W. Baird upped their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. 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 research note on Wednesday. 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 for the company. Finally, Jefferies Financial Group started coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.