UMB Bank n.a. Has $14.86 Million Holdings in Emerson Electric Co. (NYSE:EMR)

UMB Bank n.a. cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,938 shares of the industrial products company’s stock after selling 5,054 shares during the period. UMB Bank n.a.’s holdings in Emerson Electric were worth $14,864,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Sarasin & Partners LLP lifted its position in Emerson Electric by 120.6% during the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock worth $218,889,000 after acquiring an additional 965,731 shares during the last quarter. M.E. Allison & CO. Inc. acquired a new stake in Emerson Electric during the fourth quarter worth approximately $337,000. Diversify Wealth Management LLC acquired a new stake in Emerson Electric during the fourth quarter worth approximately $217,000. Eldred Rock Partners LLC increased its holdings in shares of Emerson Electric by 0.4% during the fourth quarter. Eldred Rock Partners LLC now owns 91,463 shares of the industrial products company’s stock worth $11,347,000 after purchasing an additional 391 shares during the period. Finally, Annex Advisory Services LLC bought a new position in shares of Emerson Electric during the fourth quarter worth approximately $223,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on EMR shares. Oppenheimer raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. KeyCorp raised their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Wells Fargo & Company lowered their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. 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 for the company in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $135.89.

Emerson Electric Price Performance

Emerson Electric stock opened at $124.65 on Monday. The company has a market capitalization of $70.99 billion, a PE ratio of 36.45, a P/E/G ratio of 1.98 and a beta of 1.35. The stock has a 50-day moving average price of $127.05 and a two-hundred day moving average price of $115.27. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.69%. Emerson Electric’s dividend payout ratio is presently 61.70%.

Emerson Electric Company 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.