Advisors Asset Management Inc. increased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 15.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,022 shares of the industrial products company's stock after acquiring an additional 12,607 shares during the period. Advisors Asset Management Inc.'s holdings in Emerson Electric were worth $10,393,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Prospera Private Wealth LLC acquired a new position in Emerson Electric during the third quarter worth about $117,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Emerson Electric during the 3rd quarter worth approximately $7,180,000. Fifth Third Wealth Advisors LLC grew its holdings in Emerson Electric by 20.9% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 11,412 shares of the industrial products company's stock valued at $1,248,000 after buying an additional 1,970 shares during the last quarter. Prospera Financial Services Inc increased its position in Emerson Electric by 89.0% during the third quarter. Prospera Financial Services Inc now owns 61,974 shares of the industrial products company's stock worth $6,781,000 after buying an additional 29,179 shares in the last quarter. Finally, OneAscent Financial Services LLC purchased a new stake in shares of Emerson Electric in the third quarter valued at $312,000. 74.30% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
EMR has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on Emerson Electric from $128.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. KeyCorp upped their price objective on Emerson Electric from $125.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded Emerson Electric from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. BNP Paribas started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an "outperform" rating and a $155.00 price target on the stock. Finally, Robert W. Baird boosted their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus price target of $130.00.
View Our Latest Stock Analysis on Emerson Electric
Emerson Electric Stock Performance
EMR stock traded up $0.62 during mid-day trading on Thursday, reaching $129.72. The company had a trading volume of 290,647 shares, compared to its average volume of 2,731,608. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a one year low of $87.55 and a one year high of $131.56. The stock's 50-day simple moving average is $112.92 and its two-hundred day simple moving average is $110.45. The stock has a market capitalization of $73.97 billion, a P/E ratio of 37.75, a P/E/G ratio of 2.17 and a beta of 1.30.
Emerson Electric Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, November 15th. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's payout ratio is 61.70%.
Insider Buying and Selling
In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction on 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.25% of the company's stock.
About Emerson Electric
(
Free Report)
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.
Recommended Stories
Before you consider Emerson Electric, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Emerson Electric wasn't on the list.
While Emerson Electric currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
