Emerson Electric Co. (NYSE:EMR) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. trimmed its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 563,387 shares of the industrial products company's stock after selling 18,013 shares during the period. Eagle Asset Management Inc. owned 0.10% of Emerson Electric worth $61,618,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. BNP Paribas began coverage on Emerson Electric in a report on Wednesday, November 13th. They set an "outperform" rating and a $155.00 target price for the company. Stephens cut shares of Emerson Electric from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They set an "underweight" rating and a $105.00 price target on the stock. Oppenheimer boosted their price target on Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, September 26th. Finally, 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 note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $130.00.

Emerson Electric Trading Up 1.3 %

EMR stock traded up $1.70 during midday trading on Friday, hitting $129.97. 889,615 shares of the company's stock were exchanged, compared to its average volume of 2,734,593. The stock has a market capitalization of $74.11 billion, a PE ratio of 37.54, a P/E/G ratio of 2.17 and a beta of 1.30. Emerson Electric Co. has a 1-year low of $87.55 and a 1-year high of $131.56. The business has a 50-day simple moving average of $113.46 and a two-hundred day simple moving average of $110.58. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.62%. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric's dividend payout ratio is 61.70%.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 completion of the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. 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.