Charles Schwab Investment Management Inc. Purchases 23,739 Shares of Emerson Electric Co. (NYSE:EMR)

Charles Schwab Investment Management Inc. grew its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,287,326 shares of the industrial products company's stock after purchasing an additional 23,739 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.57% of Emerson Electric worth $359,535,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in EMR. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the 3rd quarter worth $25,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric during the third quarter valued at $29,000. Transcendent Capital Group LLC purchased a new stake in Emerson Electric in the first quarter worth about $31,000. Meeder Asset Management Inc. raised its stake in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock worth $33,000 after buying an additional 235 shares during the period. Finally, Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric during the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Transactions at Emerson Electric

In other Emerson Electric 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 transaction, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on EMR. BNP Paribas started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set an "outperform" rating and a $155.00 target price on the stock. JPMorgan Chase & Co. cut shares of Emerson Electric from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Wells Fargo & Company raised their price target on Emerson Electric from $128.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Royal Bank of Canada cut their target price on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Finally, Stephens downgraded Emerson Electric from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average target price of $130.00.

Emerson Electric Trading Up 1.4 %

Shares of NYSE:EMR traded up $1.80 during trading hours on Friday, hitting $130.07. 2,212,844 shares of the company's stock traded hands, compared to its average volume of 3,198,574. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The business has a fifty day moving average price of $114.02 and a 200-day moving average price of $110.74. Emerson Electric Co. has a 1 year low of $87.55 and a 1 year high of $131.56. The firm has a market capitalization of $74.17 billion, a P/E ratio of 38.03, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.62%. 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 is 61.70%.

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.