Cape Cod Five Cents Savings Bank Reduces Stake in Emerson Electric Co. (NYSE:EMR)

Cape Cod Five Cents Savings Bank decreased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 37.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,703 shares of the industrial products company’s stock after selling 1,648 shares during the period. Cape Cod Five Cents Savings Bank’s holdings in Emerson Electric were worth $298,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC raised its holdings in shares of Emerson Electric by 14.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,038 shares of the industrial products company’s stock valued at $1,877,000 after acquiring an additional 2,138 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of Emerson Electric by 11.3% in the 2nd quarter. Wedmont Private Capital now owns 4,851 shares of the industrial products company’s stock valued at $556,000 after acquiring an additional 494 shares in the last quarter. M&G Plc purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at about $3,242,000. Maia Wealth LLC purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at about $331,000. Finally, Great Valley Advisor Group Inc. raised its holdings in shares of Emerson Electric by 11.6% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 18,834 shares of the industrial products company’s stock valued at $2,075,000 after acquiring an additional 1,960 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EMR. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. UBS Group began coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective on the stock. Robert W. Baird increased their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. 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 report on Monday, December 2nd. Finally, BNP Paribas began coverage on Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $133.17.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Trading Down 0.4 %

EMR opened at $130.43 on Tuesday. The stock has a market cap of $74.28 billion, a PE ratio of 38.14, a PEG ratio of 2.20 and a beta of 1.34. 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 business has a 50 day moving average of $119.93 and a 200-day moving average of $112.19. Emerson Electric Co. has a 52 week low of $89.17 and a 52 week high of $134.85.

Emerson Electric Increases Dividend

The company 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 represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) 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.