Citizens Financial Group Inc. RI Trims Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Citizens Financial Group Inc. RI decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 74.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,830 shares of the industrial products company's stock after selling 71,749 shares during the period. Citizens Financial Group Inc. RI's holdings in Emerson Electric were worth $2,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes 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 shares of Emerson Electric during the 3rd quarter worth $29,000. Transcendent Capital Group LLC purchased a new position in shares of Emerson Electric during the 1st quarter worth $31,000. Frazier Financial Advisors LLC purchased a new position in shares of Emerson Electric during the 3rd quarter worth $33,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock worth $33,000 after acquiring an additional 235 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.4 %

Shares of Emerson Electric stock traded up $1.80 on Friday, reaching $130.07. 2,148,794 shares of the company were exchanged, compared to its average volume of 2,740,422. Emerson Electric Co. has a 1-year low of $87.55 and a 1-year high of $131.56. The company has a market cap of $74.17 billion, a P/E ratio of 37.54, a price-to-earnings-growth ratio of 2.17 and a beta of 1.30. 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 stock's 50 day moving average price is $113.46 and its 200-day moving average price is $110.58.

Emerson Electric Increases Dividend

The firm 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 $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.62%. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric's dividend payout ratio is 61.70%.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business's stock in a transaction that occurred 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 owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on EMR. Wells Fargo & Company lifted their price target on Emerson Electric from $128.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. KeyCorp boosted 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. BNP Paribas started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price objective on the stock. Barclays boosted their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the company an "equal weight" rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lowered shares of Emerson Electric from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.00.

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.