Sarasin & Partners LLP Purchases 965,731 Shares of Emerson Electric Co. (NYSE:EMR)

Sarasin & Partners LLP increased its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 120.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,766,230 shares of the industrial products company's stock after acquiring an additional 965,731 shares during the period. Emerson Electric accounts for about 2.4% of Sarasin & Partners LLP's holdings, making the stock its 16th largest position. Sarasin & Partners LLP owned about 0.31% of Emerson Electric worth $218,889,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric in the third quarter valued at about $25,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric during the 3rd quarter valued at approximately $29,000. Frazier Financial Advisors LLC bought a new position in Emerson Electric in the 3rd quarter worth approximately $33,000. Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric during the third quarter worth approximately $33,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Emerson Electric in the third quarter valued at approximately $43,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. KeyCorp increased their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Oppenheimer increased their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, September 26th. Wells Fargo & Company lowered their price target on Emerson Electric from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada reduced their price objective on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Finally, Robert W. Baird upped their target price on Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and a consensus target price of $135.89.

Insider Activity

In other 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 transaction, the senior vice president now 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 SEC, which is available at this hyperlink. 0.50% of the stock is owned by company insiders.

Emerson Electric Trading Up 1.1 %

Shares of Emerson Electric stock traded up $1.36 during trading on Monday, hitting $124.65. 4,240,144 shares of the company were exchanged, compared to its average volume of 2,513,903. The firm has a market capitalization of $70.99 billion, a P/E ratio of 36.45, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. The firm's fifty day moving average price is $127.05 and its 200 day moving average price is $115.31. 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 1-year low of $91.64 and a 1-year high of $134.85.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.69%. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric's dividend payout ratio (DPR) is currently 61.70%.

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.