International Assets Investment Management LLC Decreases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

International Assets Investment Management LLC cut its stake in Emerson Electric Co. (NYSE:EMR) by 99.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,042 shares of the industrial products company’s stock after selling 464,027 shares during the quarter. International Assets Investment Management LLC’s holdings in Emerson Electric were worth $494,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Diversified Trust Co grew its stake in shares of Emerson Electric by 25.2% during the 4th quarter. Diversified Trust Co now owns 31,569 shares of the industrial products company’s stock valued at $3,912,000 after purchasing an additional 6,357 shares during the period. Canandaigua National Bank & Trust Co. raised its stake in shares of Emerson Electric by 1.8% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 11,520 shares of the industrial products company’s stock worth $1,428,000 after buying an additional 200 shares during the period. Fortem Financial Group LLC lifted its position in shares of Emerson Electric by 1.9% during the 4th quarter. Fortem Financial Group LLC now owns 24,681 shares of the industrial products company’s stock valued at $3,059,000 after buying an additional 458 shares in the last quarter. Capital Market Strategies LLC grew its stake in shares of Emerson Electric by 5.5% during the 4th quarter. Capital Market Strategies LLC now owns 4,300 shares of the industrial products company’s stock valued at $533,000 after acquiring an additional 224 shares during the period. Finally, CWA Asset Management Group LLC raised its stake in Emerson Electric by 6.0% during the 4th quarter. CWA Asset Management Group LLC now owns 4,236 shares of the industrial products company’s stock worth $525,000 after acquiring an additional 238 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EMR shares. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Barclays increased their target price on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Loop Capital lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. BNP Paribas assumed coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. Finally, StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. One investment 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.84.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.50% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock opened at $117.64 on Friday. 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 business has a fifty day moving average of $127.08 and a 200 day moving average of $114.76. The firm has a market capitalization of $67.00 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.79%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is 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.