Addenda Capital Inc. Sells 186 Shares of Emerson Electric Co. (NYSE:EMR)

Addenda Capital Inc. lowered its position in Emerson Electric Co. (NYSE:EMR) by 0.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 65,394 shares of the industrial products company’s stock after selling 186 shares during the quarter. Addenda Capital Inc.’s holdings in Emerson Electric were worth $8,104,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in EMR. Wilmington Savings Fund Society FSB lifted its position in Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after purchasing an additional 30,741 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after acquiring an additional 162,985 shares during the period. Bank of Montreal Can raised its stake in shares of Emerson Electric by 17.0% in the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock worth $152,359,000 after buying an additional 194,944 shares during the period. Dynamic Advisor Solutions LLC grew its position in shares of Emerson Electric by 8.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock worth $7,578,000 after purchasing an additional 5,416 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in Emerson Electric by 130.0% during the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after buying an additional 5,393 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

EMR stock opened at $124.65 on Tuesday. The company’s 50-day moving average price is $127.05 and its two-hundred day moving average price is $115.31. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85. The company has a quick ratio of 1.40, a current ratio of 1.77 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 Increases Dividend

The company also recently declared 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. This is a positive change 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 1.69%. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of research analyst reports. BNP Paribas assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target for the company. Royal Bank of Canada decreased their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company cut their price objective 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. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Loop Capital increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.89.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the 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 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 SEC, which can be accessed through the SEC website. Company insiders own 0.50% of the company’s stock.

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.