SkyOak Wealth LLC Lowers Holdings in Emerson Electric Co. (NYSE:EMR)

SkyOak Wealth LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,176 shares of the industrial products company’s stock after selling 282 shares during the quarter. SkyOak Wealth LLC’s holdings in Emerson Electric were worth $3,120,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. U.S. Capital Wealth Advisors LLC increased its stake in shares of Emerson Electric by 0.9% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 163,560 shares of the industrial products company’s stock valued at $20,270,000 after purchasing an additional 1,446 shares in the last quarter. Greenleaf Trust increased its position in shares of Emerson Electric by 0.6% in the fourth quarter. Greenleaf Trust now owns 35,822 shares of the industrial products company’s stock valued at $4,439,000 after buying an additional 205 shares in the last quarter. Tritonpoint Wealth LLC lifted its position in shares of Emerson Electric by 3.5% during the 4th quarter. Tritonpoint Wealth LLC now owns 9,365 shares of the industrial products company’s stock valued at $1,161,000 after buying an additional 320 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in Emerson Electric in the 4th quarter worth $1,439,000. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in Emerson Electric by 2.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,113 shares of the industrial products company’s stock worth $1,997,000 after acquiring an additional 446 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Trading Down 0.5 %

Shares of NYSE EMR opened at $129.85 on Friday. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85. The company has a market cap of $73.95 billion, a price-to-earnings ratio of 37.97, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The stock’s 50 day simple moving average is $127.13 and its 200 day simple moving average is $116.45.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EMR shares. BNP Paribas began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. Loop Capital raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. UBS Group started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target on the stock. Finally, Royal Bank of Canada dropped their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.45.

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.