Bank of Montreal Can Sells 604,715 Shares of Emerson Electric Co. (NYSE:EMR)

Bank of Montreal Can decreased its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 45.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 734,586 shares of the industrial products company's stock after selling 604,715 shares during the period. Bank of Montreal Can owned approximately 0.13% of Emerson Electric worth $80,232,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in Emerson Electric during the third quarter valued at about $25,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric during the 3rd quarter valued at about $29,000. Meeder Asset Management Inc. grew 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 purchasing an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC bought a new stake in shares of Emerson Electric in the 3rd quarter worth approximately $33,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Emerson Electric during the third quarter valued at approximately $33,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

NYSE EMR traded down $0.59 during trading on Wednesday, reaching $132.41. 204,945 shares of the company traded hands, compared to its average volume of 2,744,182. The stock's 50 day moving average price is $115.21 and its two-hundred day moving average price is $111.00. Emerson Electric Co. has a 1-year low of $87.55 and a 1-year high of $134.17. The company has a market cap of $75.50 billion, a price-to-earnings ratio of 38.89, a P/E/G ratio of 2.23 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors 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. This represents a $2.11 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, November 15th. Emerson Electric's dividend payout ratio (DPR) is currently 61.70%.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered Emerson Electric from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Wells Fargo & Company increased their price objective on Emerson Electric from $128.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. KeyCorp lifted their target price on shares of Emerson Electric from $125.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. UBS Group began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price target on the stock. Finally, StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and an average target price of $130.00.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm's 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 sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.25% of the company's stock.

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.