Emerson Electric Co. (NYSE:EMR) Holdings Trimmed by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC cut its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 315,304 shares of the industrial products company's stock after selling 5,308 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.06% of Emerson Electric worth $34,485,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EMR. Farther Finance Advisors LLC grew its stake in Emerson Electric by 55.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company's stock worth $931,000 after acquiring an additional 3,060 shares during the period. Bank of Montreal Can boosted its stake in Emerson Electric by 17.0% in the 2nd quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company's stock worth $152,359,000 after buying an additional 194,944 shares during the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of Emerson Electric by 8.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company's stock valued at $7,578,000 after acquiring an additional 5,416 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of Emerson Electric by 82.0% in the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company's stock worth $435,000 after acquiring an additional 1,792 shares during the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new position in Emerson Electric during the third quarter worth approximately $443,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of NYSE EMR traded down $0.47 during midday trading on Tuesday, hitting $133.30. 1,725,088 shares of the company's stock were exchanged, compared to its average volume of 2,742,559. Emerson Electric Co. has a twelve month low of $87.59 and a twelve month high of $134.17. 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 firm has a market cap of $76.01 billion, a P/E ratio of 39.11, a PEG ratio of 2.23 and a beta of 1.34. The stock's 50 day moving average price is $116.88 and its 200-day moving average price is $111.38.

Emerson Electric Increases Dividend

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

Wall Street Analyst Weigh In

EMR has been the subject of a number of research analyst reports. Wells Fargo & Company upped 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. BNP Paribas began coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price objective on the stock. Robert W. Baird increased their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Oppenheimer boosted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, September 26th. Finally, Barclays lifted their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus target price of $131.11.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of the business's 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 directly owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.