Atria Investments Inc Has $5.85 Million Stake in Emerson Electric Co. (NYSE:EMR)

Atria Investments Inc raised its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 10.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,470 shares of the industrial products company's stock after acquiring an additional 5,210 shares during the period. Atria Investments Inc's holdings in Emerson Electric were worth $5,848,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $25,000. Transcendent Capital Group LLC acquired a new stake in Emerson Electric during the 1st quarter worth $31,000. Meeder Asset Management Inc. lifted its stake 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 acquiring an additional 235 shares during the period. Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter worth $33,000. Finally, Versant Capital Management Inc lifted its stake in shares of Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company's stock worth $36,000 after acquiring an additional 269 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of EMR traded down $0.78 during midday trading on Tuesday, hitting $128.42. 3,085,960 shares of the stock traded hands, compared to its average volume of 2,735,866. Emerson Electric Co. has a 1-year low of $85.91 and a 1-year high of $130.30. The firm has a market capitalization of $73.55 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 2.13 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.77. The business's 50 day moving average price is $108.87 and its two-hundred day moving average price is $109.43.

Emerson Electric Increases Dividend

The company 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 is an increase 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 annualized dividend and a dividend yield of 1.64%. Emerson Electric's payout ratio is 61.70%.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the company'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 completion of the sale, the senior vice president now owns 262,408 shares of the company's stock, valued at $33,052,911.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EMR. Robert W. Baird increased their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a report on Monday, November 4th. 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 research report on Wednesday, November 6th. KeyCorp lifted their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Barclays lifted their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley began coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set an "underweight" rating and a $105.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $127.65.

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.