Capital City Trust Co. FL Sells 145 Shares of Emerson Electric Co. (NYSE:EMR)

Capital City Trust Co. FL reduced its position in Emerson Electric Co. (NYSE:EMR) by 0.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 15,710 shares of the industrial products company’s stock after selling 145 shares during the period. Capital City Trust Co. FL’s holdings in Emerson Electric were worth $1,718,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric during the 3rd quarter worth approximately $25,000. Transcendent Capital Group LLC bought a new stake in shares of Emerson Electric during the 1st quarter valued at $31,000. Meeder Asset Management Inc. grew its stake in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the third quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth $33,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR opened at $126.78 on Monday. The stock’s fifty day moving average price is $111.14 and its two-hundred day moving average price is $110.00. Emerson Electric Co. has a 1 year low of $87.17 and a 1 year high of $131.56. The firm has a market cap of $72.29 billion, a PE ratio of 37.07, a PEG ratio of 2.13 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. Emerson Electric’s dividend payout ratio (DPR) is presently 61.40%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on EMR shares. UBS Group assumed coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective for the company. BNP Paribas initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. Royal Bank of Canada reduced their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. Finally, Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $130.00.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction on 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.25% 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.