Emerson Electric Co. (NYSE:EMR) Shares Sold by Commerce Bank

Commerce Bank decreased its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 677,922 shares of the industrial products company's stock after selling 22,321 shares during the quarter. Commerce Bank owned 0.12% of Emerson Electric worth $74,144,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Newport Trust Company LLC acquired a new position in shares of Emerson Electric in the 2nd quarter worth approximately $574,908,000. Pathway Financial Advisers LLC grew its position in Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company's stock valued at $226,443,000 after acquiring an additional 2,051,764 shares during the period. Van ECK Associates Corp lifted its holdings in Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the last quarter. Swedbank AB grew its stake in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock worth $278,285,000 after buying an additional 1,424,800 shares during the last quarter. Finally, Perpetual Ltd raised its stake in shares of Emerson Electric by 57,336.1% in the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company's stock valued at $131,918,000 after acquiring an additional 1,204,058 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on EMR. UBS Group initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price target for the company. StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Royal Bank of Canada lowered their price target on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. lowered Emerson Electric from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, Morgan Stanley started coverage on Emerson Electric in a research report on Friday, September 6th. They set an "underweight" rating and a $105.00 target price for the company. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $130.00.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction 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 the SEC website. Company insiders own 0.25% of the company's stock.

Emerson Electric Trading Down 0.6 %

Shares of EMR traded down $0.79 during midday trading on Wednesday, hitting $128.77. The stock had a trading volume of 1,202,046 shares, compared to its average volume of 2,737,515. Emerson Electric Co. has a 1 year low of $87.55 and a 1 year high of $131.56. The firm has a market cap of $73.42 billion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 2.13 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 is $112.34 and its 200 day moving average is $110.32.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.5275 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.64%. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio is currently 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.