Emerson Electric Co. (NYSE:EMR) Shares Sold by Strategy Asset Managers LLC

Strategy Asset Managers LLC trimmed its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 14.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,589 shares of the industrial products company's stock after selling 15,375 shares during the period. Emerson Electric accounts for 1.9% of Strategy Asset Managers LLC's investment portfolio, making the stock its 10th biggest position. Strategy Asset Managers LLC's holdings in Emerson Electric were worth $9,689,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EMR. Farther Finance Advisors LLC increased its holdings in shares of Emerson Electric by 55.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company's stock worth $931,000 after buying an additional 3,060 shares during the last quarter. Bank of Montreal Can increased its stake in Emerson Electric by 17.0% in the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company's stock valued at $152,359,000 after acquiring an additional 194,944 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in Emerson Electric by 8.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company's stock valued at $7,578,000 after purchasing an additional 5,416 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Emerson Electric by 82.0% during the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company's stock worth $435,000 after purchasing an additional 1,792 shares during the last quarter. Finally, Proactive Wealth Strategies LLC bought a new position in shares of Emerson Electric during the 3rd quarter valued at about $443,000. Institutional investors own 74.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on EMR shares. Royal Bank of Canada reduced their price target on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. KeyCorp boosted their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. cut shares of Emerson Electric from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, Stephens downgraded shares of Emerson Electric from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $130.00.

Emerson Electric Stock Down 0.7 %

NYSE EMR traded down $0.92 during trading on Wednesday, reaching $128.64. 1,079,400 shares of the company's stock traded hands, compared to its average volume of 2,737,133. 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 firm has a market cap of $73.35 billion, a price-to-earnings ratio of 37.69, a price-to-earnings-growth ratio of 2.13 and a beta of 1.30. The company's 50 day simple moving average is $112.34 and its two-hundred day simple moving average is $110.32. Emerson Electric Co. has a 12-month low of $87.55 and a 12-month high of $131.56.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.64%. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio (DPR) is presently 61.70%.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the 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 transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.25% 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.