UMB Bank n.a. Has $14.86 Million Holdings in Emerson Electric Co. (NYSE:EMR)

UMB Bank n.a. decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 119,938 shares of the industrial products company's stock after selling 5,054 shares during the quarter. UMB Bank n.a.'s holdings in Emerson Electric were worth $14,864,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pathway Financial Advisers LLC grew its holdings 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 purchasing an additional 2,051,764 shares during the period. Van ECK Associates Corp grew its position 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 buying an additional 2,016,075 shares in the last quarter. State Street Corp increased its holdings in shares of Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock valued at $2,822,858,000 after acquiring an additional 1,507,980 shares during the last quarter. Swedbank AB raised 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 acquiring an additional 1,424,800 shares during the period. Finally, Perpetual Ltd lifted its holdings in shares of Emerson Electric by 57,336.1% in 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. Hedge funds and other institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Stephens cut Emerson Electric from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. BNP Paribas started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 target price for the company. Loop Capital boosted their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. JPMorgan Chase & Co. lowered their target price on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Finally, Robert W. Baird upped their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $135.89.

Emerson Electric Price Performance

Emerson Electric stock traded up $1.36 during trading hours on Monday, hitting $124.65. 4,240,144 shares of the stock were exchanged, compared to its average volume of 2,513,903. The stock has a market capitalization of $70.99 billion, a P/E ratio of 36.45, a P/E/G ratio of 1.98 and a beta of 1.35. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85. The business's 50-day moving average is $127.05 and its two-hundred day moving average is $115.31. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

Emerson Electric Increases Dividend

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

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the company's stock in a transaction on 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 of the company's stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.50% of the company's stock.

About Emerson Electric

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.