Baugh & Associates LLC Cuts Position in Emerson Electric Co. (NYSE:EMR)

Baugh & Associates LLC reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,897 shares of the industrial products company’s stock after selling 156 shares during the period. Emerson Electric comprises 1.4% of Baugh & Associates LLC’s holdings, making the stock its 27th largest position. Baugh & Associates LLC’s holdings in Emerson Electric were worth $2,786,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EMR. Pathway Financial Advisers LLC boosted its stake in Emerson Electric by 10,993.2% during the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after buying an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after buying an additional 2,016,075 shares during the period. State Street Corp raised its holdings in Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after buying an additional 1,507,980 shares during the period. Swedbank AB boosted its position in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the period. Finally, Perpetual Ltd raised its position in Emerson Electric by 57,336.1% in the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock valued at $131,918,000 after purchasing an additional 1,204,058 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 1.1 %

Shares of Emerson Electric stock opened at $124.65 on Monday. 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. 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 company has a 50-day moving average of $127.05 and a two-hundred day moving average of $115.27. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a $0.5275 dividend. 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 1.69%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EMR. Jefferies Financial Group started coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. KeyCorp increased their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. BNP Paribas initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective for the company. Royal Bank of Canada decreased their price target 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. Finally, Oppenheimer lifted their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.

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.