Raleigh Capital Management Inc. Trims Position in Emerson Electric Co. (NYSE:EMR)

Raleigh Capital Management Inc. decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 73.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 674 shares of the industrial products company’s stock after selling 1,913 shares during the period. Raleigh Capital Management Inc.’s holdings in Emerson Electric were worth $84,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in EMR. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the 3rd quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric in the 4th quarter worth approximately $27,000. Darwin Wealth Management LLC bought a new position in Emerson Electric during the 3rd quarter valued at approximately $29,000. Morton Brown Family Wealth LLC purchased a new position in Emerson Electric during the third quarter valued at $33,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Emerson Electric in the third quarter worth $33,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by insiders.

Emerson Electric Trading Up 1.0 %

Emerson Electric stock opened at $131.20 on Friday. The firm has a market capitalization of $74.72 billion, a price-to-earnings ratio of 38.36, a P/E/G ratio of 2.21 and a beta of 1.35. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85. The firm has a 50 day moving average of $126.98 and a 200 day moving average of $115.65. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a dividend of $0.5275 per share. This is a boost 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 dividend on an annualized basis and a dividend yield of 1.61%. Emerson Electric’s payout ratio is 61.70%.

Analyst Ratings Changes

Several research analysts have recently issued reports on EMR shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. KeyCorp increased their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. decreased their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. UBS Group began coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. Finally, Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Emerson Electric Company 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.