Inlet Private Wealth LLC Sells 1,700 Shares of Emerson Electric Co. (NYSE:EMR)

Inlet Private Wealth LLC lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 7.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,899 shares of the industrial products company’s stock after selling 1,700 shares during the quarter. Inlet Private Wealth LLC’s holdings in Emerson Electric were worth $2,466,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EMR. Independence Bank of Kentucky lifted its stake in Emerson Electric by 208.1% during the 4th quarter. Independence Bank of Kentucky now owns 4,344 shares of the industrial products company’s stock valued at $538,000 after acquiring an additional 2,934 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in shares of Emerson Electric by 12.5% during the 4th quarter. Chicago Partners Investment Group LLC now owns 9,501 shares of the industrial products company’s stock valued at $1,143,000 after acquiring an additional 1,055 shares during the period. Waldron Private Wealth LLC increased its position in Emerson Electric by 1.5% in the fourth quarter. Waldron Private Wealth LLC now owns 8,220 shares of the industrial products company’s stock worth $1,019,000 after buying an additional 122 shares during the last quarter. Everett Harris & Co. CA raised its stake in Emerson Electric by 1.9% in the 4th quarter. Everett Harris & Co. CA now owns 38,282 shares of the industrial products company’s stock valued at $4,744,000 after acquiring an additional 718 shares during the period. Finally, Heck Capital Advisors LLC bought a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $515,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

EMR opened at $129.85 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 firm has a market cap of $73.95 billion, a PE ratio of 37.97, a P/E/G ratio of 2.20 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. The stock has a 50-day moving average price of $127.13 and a 200-day moving average price of $116.47.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. 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 dividend yield of 1.62%. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EMR shares. UBS Group assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective on the stock. Robert W. Baird lifted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada lowered their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.45.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was 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 directly owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.