Emerson Electric Co. (NYSE:EMR) Shares Sold by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,800 shares of the industrial products company’s stock after selling 828 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Emerson Electric were worth $1,619,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EMR. Cetera Investment Advisers raised its position in Emerson Electric by 446.5% during the first quarter. Cetera Investment Advisers now owns 195,095 shares of the industrial products company’s stock valued at $22,128,000 after acquiring an additional 159,395 shares in the last quarter. Cetera Advisors LLC boosted its holdings in Emerson Electric by 24.6% during the first quarter. Cetera Advisors LLC now owns 68,057 shares of the industrial products company’s stock worth $7,719,000 after buying an additional 13,434 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Emerson Electric by 21.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,487 shares of the industrial products company’s stock valued at $160,000 after buying an additional 262 shares during the period. Armstrong Henry H Associates Inc. increased its holdings in Emerson Electric by 4.1% in the second quarter. Armstrong Henry H Associates Inc. now owns 4,669 shares of the industrial products company’s stock valued at $514,000 after buying an additional 185 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Emerson Electric by 21.5% in the second quarter. GAMMA Investing LLC now owns 5,708 shares of the industrial products company’s stock worth $629,000 after acquiring an additional 1,009 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Barclays lifted their price target on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Robert W. Baird lifted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Oppenheimer increased their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, Royal Bank of Canada cut their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $130.00.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business’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 sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.25% of the company’s stock.

Emerson Electric Stock Up 0.0 %

Shares of EMR opened at $132.62 on Friday. Emerson Electric Co. has a 52-week low of $87.59 and a 52-week high of $134.17. 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 stock has a fifty day simple moving average of $116.88 and a two-hundred day simple moving average of $111.42. The company has a market capitalization of $75.62 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.59%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric’s payout ratio is presently 61.70%.

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.