Busey Bank Has $8.48 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Busey Bank reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 68,457 shares of the industrial products company’s stock after selling 1,917 shares during the quarter. Busey Bank’s holdings in Emerson Electric were worth $8,484,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. First Affirmative Financial Network acquired a new stake in shares of Emerson Electric during the 4th quarter worth $223,000. DMC Group LLC grew its holdings in shares of Emerson Electric by 8.2% during the 4th quarter. DMC Group LLC now owns 5,129 shares of the industrial products company’s stock worth $636,000 after purchasing an additional 390 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth $70,000. Baron Wealth Management LLC boosted its stake in Emerson Electric by 4.7% in the fourth quarter. Baron Wealth Management LLC now owns 2,431 shares of the industrial products company’s stock valued at $301,000 after buying an additional 109 shares in the last quarter. Finally, Gries Financial LLC boosted its stake in Emerson Electric by 3.9% in the fourth quarter. Gries Financial LLC now owns 7,501 shares of the industrial products company’s stock valued at $930,000 after buying an additional 280 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Deutsche Bank Aktiengesellschaft increased their target price on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Robert W. Baird increased their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. BNP Paribas initiated coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $136.45.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on 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 sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

Emerson Electric Trading Down 0.8 %

Shares of Emerson Electric stock opened at $128.92 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85. The stock has a 50 day moving average price of $127.10 and a two-hundred day moving average price of $116.19. The stock has a market capitalization of $73.42 billion, a PE ratio of 37.70, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35.

Emerson Electric Increases Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is 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.