Royal London Asset Management Ltd. raised its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 3.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 235,201 shares of the industrial products company's stock after buying an additional 7,968 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Emerson Electric were worth $25,724,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in Emerson Electric during the 3rd quarter valued at $25,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the third quarter valued at about $29,000. Meeder Asset Management Inc. lifted its holdings in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock worth $33,000 after purchasing an additional 235 shares during the period. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the 3rd quarter valued at about $33,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of Emerson Electric during the 3rd quarter worth about $33,000. Institutional investors own 74.30% of the company's stock.
Emerson Electric Stock Down 1.6 %
NYSE EMR traded down $2.17 during trading on Friday, reaching $130.98. 2,628,060 shares of the company's stock were exchanged, compared to its average volume of 2,825,938. The firm has a market capitalization of $74.60 billion, a PE ratio of 38.30, a P/E/G ratio of 2.26 and a beta of 1.34. Emerson Electric Co. has a fifty-two week low of $87.71 and a fifty-two week high of $134.85. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The company's fifty day simple moving average is $119.07 and its 200-day simple moving average is $111.98.
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 of this dividend is Friday, November 15th. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.61%. Emerson Electric's payout ratio is presently 61.70%.
Analyst Ratings Changes
EMR has been the topic of several recent analyst reports. Barclays boosted their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Loop Capital lifted 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. Wells Fargo & Company raised their price objective on shares of Emerson Electric from $128.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Finally, BNP Paribas started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.17.
View Our Latest Stock Report on Emerson Electric
Insiders Place Their Bets
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 completion of the sale, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. The trade was 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
(
Free Report)
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.
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