BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 14,049 Shares of Emerson Electric Co. (NYSE:EMR)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 12.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,458 shares of the industrial products company's stock after selling 14,049 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Emerson Electric were worth $10,440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in EMR. EverSource Wealth Advisors LLC lifted its position in shares of Emerson Electric by 21.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,487 shares of the industrial products company's stock valued at $160,000 after acquiring an additional 262 shares during the period. GAMMA Investing LLC boosted its position in shares of Emerson Electric by 21.5% during the 2nd quarter. GAMMA Investing LLC now owns 5,708 shares of the industrial products company's stock worth $629,000 after purchasing an additional 1,009 shares in the last quarter. HBW Advisory Services LLC acquired a new stake in shares of Emerson Electric in the 2nd quarter valued at about $212,000. Versant Capital Management Inc increased its position in Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company's stock valued at $36,000 after buying an additional 269 shares in the last quarter. Finally, Bank & Trust Co acquired a new position in Emerson Electric during the 2nd quarter worth approximately $89,000. 74.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EMR has been the subject of a number of research reports. UBS Group assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 price objective for the company. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. StockNews.com cut shares of Emerson Electric from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Barclays upped their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.11.

Emerson Electric Stock Performance

NYSE:EMR traded up $1.15 during trading on Monday, reaching $133.75. The company's stock had a trading volume of 2,922,010 shares, compared to its average volume of 2,747,386. The firm has a market cap of $76.26 billion, a price-to-earnings ratio of 39.11, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $87.59 and a 12 month high of $134.17. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The firm has a 50 day moving average of $116.88 and a 200-day moving average of $111.38.

Emerson Electric Increases Dividend

The business 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 dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Friday, November 15th. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio (DPR) is 61.70%.

Insider Buying and Selling 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 sale, the senior vice president now owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company's stock.

Emerson Electric 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.