B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 65,649 Emerson Electric Co. (NYSE:EMR)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Emerson Electric Co. (NYSE:EMR - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 65,649 shares of the industrial products company's stock, valued at approximately $7,180,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EMR. Newport Trust Company LLC acquired a new stake in shares of Emerson Electric in the second quarter worth $574,908,000. Pathway Financial Advisers LLC increased its stake in shares of Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company's stock worth $226,443,000 after acquiring an additional 2,051,764 shares during the period. Van ECK Associates Corp grew its position in Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock valued at $422,852,000 after buying an additional 2,016,075 shares during the period. Swedbank AB grew its position in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock valued at $278,285,000 after buying an additional 1,424,800 shares during the period. Finally, Perpetual Ltd grew its position in Emerson Electric by 57,336.1% during the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company's stock valued at $131,918,000 after buying an additional 1,204,058 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred on 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 transaction, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.25% of the company's stock.

Emerson Electric Trading Down 0.4 %

Shares of EMR traded down $0.46 during trading on Wednesday, reaching $129.10. 2,277,271 shares of the company traded hands, compared to its average volume of 2,742,457. Emerson Electric Co. has a twelve month low of $87.55 and a twelve month high of $131.56. The stock has a market cap of $73.61 billion, a PE ratio of 37.75, a price-to-earnings-growth ratio of 2.13 and a beta of 1.30. The stock has a 50-day simple moving average of $112.92 and a 200-day simple moving average of $110.45. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.5275 dividend. 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 1.63%. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's payout ratio is 61.70%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Oppenheimer raised their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. KeyCorp increased their price objective on shares of Emerson Electric from $125.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Stephens downgraded shares of Emerson Electric from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Finally, Wells Fargo & Company raised their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $130.00.

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.