CFS Investment Advisory Services LLC Lowers Position in Emerson Electric Co. (NYSE:EMR)

CFS Investment Advisory Services LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 50.8% during the third quarter, Holdings Channel reports. The institutional investor owned 19,566 shares of the industrial products company’s stock after selling 20,186 shares during the period. CFS Investment Advisory Services LLC’s holdings in Emerson Electric were worth $2,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in Emerson Electric during the 3rd quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric in the third quarter worth about $29,000. Transcendent Capital Group LLC bought a new position in Emerson Electric during the first quarter valued at approximately $31,000. Meeder Asset Management Inc. increased its stake in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares during the last quarter. Finally, Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $33,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.25% of the company’s stock.

Emerson Electric Stock Down 0.6 %

NYSE:EMR opened at $128.38 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. Emerson Electric Co. has a twelve month low of $87.55 and a twelve month high of $131.56. The company has a market cap of $73.20 billion, a PE ratio of 37.54, a P/E/G ratio of 2.17 and a beta of 1.30. The company’s 50 day moving average is $113.46 and its two-hundred day moving average is $110.58.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change 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 1.64%. Emerson Electric’s dividend payout ratio is currently 61.70%.

Analyst Ratings Changes

A number of research firms recently issued reports on EMR. Royal Bank of Canada decreased their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Robert W. Baird upped their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, Stephens lowered 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 research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.00.

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.