Advisors Management Group Inc. ADV Decreases Position in Emerson Electric Co. (NYSE:EMR)

Advisors Management Group Inc. ADV reduced its stake in Emerson Electric Co. (NYSE:EMR) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,334 shares of the industrial products company’s stock after selling 284 shares during the period. Emerson Electric accounts for about 1.6% of Advisors Management Group Inc. ADV’s holdings, making the stock its 21st biggest position. Advisors Management Group Inc. ADV’s holdings in Emerson Electric were worth $6,610,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Emerson Electric by 17.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,796 shares of the industrial products company’s stock worth $259,809,000 after buying an additional 355,106 shares during the last quarter. One Capital Management LLC grew its position in shares of Emerson Electric by 77.5% during the second quarter. One Capital Management LLC now owns 3,379 shares of the industrial products company’s stock worth $372,000 after acquiring an additional 1,475 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Emerson Electric in the 2nd quarter valued at $61,304,000. Perennial Investment Advisors LLC purchased a new stake in Emerson Electric in the 2nd quarter valued at $226,000. Finally, Axxcess Wealth Management LLC boosted its stake in Emerson Electric by 8.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 48,596 shares of the industrial products company’s stock worth $5,353,000 after purchasing an additional 3,840 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated 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 sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EMR. Oppenheimer upped their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. UBS Group initiated coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. Wells Fargo & Company cut their price target on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, Robert W. Baird boosted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. 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 company. According to data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $120.75 on Thursday. The firm has a market capitalization of $68.77 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35. 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’s 50 day simple moving average is $127.30 and its 200-day simple moving average is $115.01. 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 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. This represents a $2.11 dividend on an annualized basis and a yield of 1.75%. 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 payout ratio is presently 61.70%.

About Emerson Electric

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.