Temasek Holdings Private Ltd Purchases New Shares in Emerson Electric Co. (NYSE:EMR)

Temasek Holdings Private Ltd purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 30,737 shares of the industrial products company's stock, valued at approximately $3,362,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EMR. Capital Performance Advisors LLP purchased a new stake in Emerson Electric in the third quarter worth about $25,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric during the third quarter valued at $29,000. Meeder Asset Management Inc. increased its holdings in shares of Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock worth $33,000 after purchasing an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric in the third quarter worth $33,000. Finally, Frazier Financial Advisors LLC bought a new stake in Emerson Electric in the 3rd quarter worth about $33,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 0.6 %

NYSE EMR traded down $0.80 during trading on Friday, reaching $132.35. 808,337 shares of the company's stock traded hands, compared to its average volume of 2,738,397. The firm has a market cap of $75.38 billion, a price-to-earnings ratio of 38.84, a price-to-earnings-growth ratio of 2.24 and a beta of 1.34. The company's 50 day simple moving average is $119.07 and its two-hundred day simple moving average is $111.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a 12-month low of $87.71 and a 12-month high of $134.85.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a $0.5275 dividend. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.59%. Emerson Electric's dividend payout ratio (DPR) is presently 61.70%.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.25% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on EMR. UBS Group initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 target price on the stock. Royal Bank of Canada decreased their target price on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Barclays upped their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted their target price on Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, Loop Capital raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued 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 $132.17.

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.