D.A. Davidson & CO. Decreases Stock Position in Emerson Electric Co. (NYSE:EMR)

D.A. Davidson & CO. lowered its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 11.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 124,781 shares of the industrial products company's stock after selling 16,799 shares during the quarter. D.A. Davidson & CO.'s holdings in Emerson Electric were worth $13,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the business. Newport Trust Company LLC acquired a new stake in Emerson Electric during the second quarter worth approximately $574,908,000. Pathway Financial Advisers LLC boosted its holdings in shares of Emerson Electric by 10,993.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company's stock worth $226,443,000 after buying an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Emerson Electric by 107.2% in 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 acquiring an additional 2,016,075 shares in the last quarter. Swedbank AB lifted its position in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock valued at $278,285,000 after acquiring an additional 1,424,800 shares during the period. Finally, Perpetual Ltd boosted its stake in Emerson Electric by 57,336.1% during the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company's stock worth $131,918,000 after acquiring an additional 1,204,058 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, November 22nd. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They issued an "underweight" rating and a $105.00 price target for the company. Barclays raised their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 6th. UBS Group began coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 target price for the company. Finally, JPMorgan Chase & Co. cut Emerson Electric from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $130.00.

Emerson Electric Price Performance

Shares of EMR traded down $0.92 during midday trading on Wednesday, hitting $132.08. 359,187 shares of the company traded hands, compared to its average volume of 2,744,977. The stock has a 50-day moving average of $115.21 and a 200-day moving average of $111.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a one year low of $87.55 and a one year high of $134.17. The firm has a market cap of $75.31 billion, a P/E ratio of 38.89, a PEG ratio of 2.23 and a beta of 1.30.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric's payout ratio is 61.70%.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares of the company's stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.25% of the company's stock.

Emerson Electric Company 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.