Hanson & Doremus Investment Management Sells 303 Shares of Emerson Electric Co. (NYSE:EMR)

Hanson & Doremus Investment Management lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,027 shares of the industrial products company’s stock after selling 303 shares during the period. Hanson & Doremus Investment Management’s holdings in Emerson Electric were worth $1,491,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

EMR has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. KeyCorp increased their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Loop Capital boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, Royal Bank of Canada lowered 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $136.45.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction on 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 transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This 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 this hyperlink. Insiders own 0.50% of the company’s stock.

Emerson Electric Price Performance

NYSE:EMR opened at $128.92 on Thursday. 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 52 week low of $91.64 and a 52 week high of $134.85. The business’s 50-day simple moving average is $127.10 and its two-hundred day simple moving average is $116.19. The stock has a market cap of $73.42 billion, a PE ratio of 37.70, a P/E/G ratio of 2.22 and a beta of 1.35.

Emerson Electric Increases Dividend

The firm also recently declared 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 1.64%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio 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.