Infrastructure Capital Advisors LLC Sells 847 Shares of Emerson Electric Co. (NYSE:EMR)

Infrastructure Capital Advisors LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 42.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,166 shares of the industrial products company’s stock after selling 847 shares during the period. Infrastructure Capital Advisors LLC’s holdings in Emerson Electric were worth $128,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in Emerson Electric in the 3rd quarter worth $25,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric in the third quarter valued at about $29,000. Meeder Asset Management Inc. increased its position in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares during the period. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric in the third quarter valued at about $33,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Emerson Electric in the third quarter valued at about $33,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $132.59 on Friday. Emerson Electric Co. has a 1 year low of $87.55 and a 1 year high of $134.17. 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 fifty day moving average price of $116.33 and a 200-day moving average price of $111.30. The stock has a market cap of $75.60 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a boost 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 1.59%. Emerson Electric’s payout ratio is currently 61.70%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EMR shares. BNP Paribas started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. Finally, KeyCorp boosted their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.25% of the stock is owned by corporate insiders.

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.