Emerson Electric Co. (NYSE:EMR) Stock Holdings Trimmed by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 54.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 386,425 shares of the industrial products company's stock after selling 461,671 shares during the quarter. Assenagon Asset Management S.A. owned 0.07% of Emerson Electric worth $47,890,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EMR. Wilmington Savings Fund Society FSB increased its stake in shares of Emerson Electric by 120.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock worth $6,162,000 after acquiring an additional 30,741 shares during the period. Geode Capital Management LLC lifted its stake in shares of Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock valued at $1,247,570,000 after purchasing an additional 162,985 shares during the period. Bank of Montreal Can boosted its holdings in Emerson Electric by 17.0% during the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company's stock worth $152,359,000 after buying an additional 194,944 shares in the last quarter. Dynamic Advisor Solutions LLC grew its position in Emerson Electric by 8.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company's stock worth $7,578,000 after buying an additional 5,416 shares during the period. Finally, Larson Financial Group LLC lifted its position in shares of Emerson Electric by 130.0% during the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company's stock valued at $1,044,000 after acquiring an additional 5,393 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

NYSE:EMR traded up $2.60 during trading hours on Thursday, reaching $123.32. 2,872,021 shares of the stock were exchanged, compared to its average volume of 2,429,702. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $70.23 billion, a P/E ratio of 36.06, a P/E/G ratio of 1.98 and a beta of 1.35. The firm has a 50 day simple moving average of $127.18 and a 200-day simple moving average of $115.05.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.71%. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric's dividend payout ratio is 61.70%.

Analyst Ratings Changes

Several analysts have issued reports on EMR shares. Stephens downgraded shares of Emerson Electric from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Oppenheimer raised their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Royal Bank of Canada cut 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. UBS Group started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 target price on the stock. Finally, Wells Fargo & Company reduced their price target on Emerson Electric from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $135.89.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares of the company's stock, valued at $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 is available at this link. Insiders own 0.50% of the company's stock.

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.