Emerson Electric Co. (NYSE:EMR) Stock Position Reduced by Monarch Capital Management Inc.

Monarch Capital Management Inc. trimmed its position in Emerson Electric Co. (NYSE:EMR) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,124 shares of the industrial products company’s stock after selling 2,787 shares during the quarter. Emerson Electric makes up approximately 2.1% of Monarch Capital Management Inc.’s holdings, making the stock its 14th largest position. Monarch Capital Management Inc.’s holdings in Emerson Electric were worth $7,823,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EMR. Capital Performance Advisors LLP acquired a new position in Emerson Electric during the 3rd quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric in the third quarter valued at $29,000. Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric during the third quarter valued at $33,000. Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter worth about $33,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Emerson Electric in the 3rd quarter valued at about $43,000. 74.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Jefferies Financial Group assumed coverage on Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price on the stock. Wells Fargo & Company decreased their price target on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada cut their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, Barclays increased their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Trading Up 1.1 %

NYSE:EMR opened at $124.65 on Friday. The stock has a market cap of $70.99 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The stock’s 50-day moving average is $127.05 and its two-hundred day moving average is $115.22.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 61.70%.

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.