Veracity Capital LLC Has $622,000 Stake in Emerson Electric Co. (NYSE:EMR)

Veracity Capital LLC lessened its stake in Emerson Electric Co. (NYSE:EMR) by 2.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,023 shares of the industrial products company’s stock after selling 106 shares during the period. Veracity Capital LLC’s holdings in Emerson Electric were worth $622,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the fourth quarter worth $27,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric during the third quarter worth $29,000. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric in the 3rd quarter valued at $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $33,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Up 1.0 %

EMR stock opened at $131.20 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85. The company has a market cap of $74.72 billion, a P/E ratio of 38.36, a PEG ratio of 2.21 and a beta of 1.35. The business has a fifty day moving average of $126.98 and a 200-day moving average of $115.65.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.61%. Emerson Electric’s dividend payout ratio is presently 61.70%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EMR shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. UBS Group began coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target on the stock. Oppenheimer lifted their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, Wells Fargo & Company lowered their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $135.89.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’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 transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

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.