Everence Capital Management Inc. Sells 9,423 Shares of Emerson Electric Company (EMR)
Everence Capital Management Inc. reduced its position in Emerson Electric Company (NYSE:EMR) by 38.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,073 shares of the industrial products company’s stock after selling 9,423 shares during the quarter. Everence Capital Management Inc.’s holdings in Emerson Electric were worth $1,050,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. acquired a new position in Emerson Electric in the 3rd quarter valued at $12,652,000. APG Asset Management N.V. increased its stake in shares of Emerson Electric by 10.8% in the 3rd quarter. APG Asset Management N.V. now owns 3,921,119 shares of the industrial products company’s stock worth $246,403,000 after acquiring an additional 383,300 shares during the last quarter. Fagan Associates Inc. increased its stake in shares of Emerson Electric by 19.3% in the 2nd quarter. Fagan Associates Inc. now owns 5,975 shares of the industrial products company’s stock worth $356,000 after acquiring an additional 968 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of Emerson Electric by 6.6% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,075 shares of the industrial products company’s stock worth $601,000 after acquiring an additional 620 shares during the last quarter. Finally, Andra AP fonden increased its stake in shares of Emerson Electric by 5.2% in the 2nd quarter. Andra AP fonden now owns 95,300 shares of the industrial products company’s stock worth $5,682,000 after acquiring an additional 4,700 shares during the last quarter. 69.23% of the stock is owned by hedge funds and other institutional investors.
Emerson Electric Company (NYSE EMR) opened at $69.25 on Wednesday. Emerson Electric Company has a twelve month low of $56.77 and a twelve month high of $74.45. The company has a market capitalization of $43,708.21, a PE ratio of 26.53, a P/E/G ratio of 2.49 and a beta of 1.19. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 16th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.80%. Emerson Electric’s dividend payout ratio (DPR) is 82.55%.
A number of analysts have issued reports on the company. Edward Jones downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Stifel Nicolaus reissued a “buy” rating on shares of Emerson Electric in a research report on Thursday, October 12th. Cowen raised Emerson Electric to a “buy” rating and set a $71.00 price objective for the company in a research report on Monday, October 23rd. JMP Securities downgraded Emerson Electric from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $74.45 to $56.77 in a research report on Thursday, February 1st. Finally, UBS Group began coverage on Emerson Electric in a research report on Monday, January 22nd. They set a “buy” rating and a $73.26 price objective for the company. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. Emerson Electric presently has an average rating of “Hold” and a consensus price target of $66.15.
In other news, VP Frank J. Dellaquila sold 2,100 shares of Emerson Electric stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total value of $136,017.00. Following the completion of the transaction, the vice president now owns 178,743 shares in the company, valued at approximately $11,577,184.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bell Katherine Button sold 7,518 shares of Emerson Electric stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $66.36, for a total value of $498,894.48. Following the completion of the transaction, the vice president now owns 36,877 shares of the company’s stock, valued at approximately $2,447,157.72. The disclosure for this sale can be found here. Insiders have sold a total of 27,017 shares of company stock valued at $1,771,129 over the last 90 days. 0.84% of the stock is currently owned by company insiders.
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Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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