Crossmark Global Holdings Inc. Acquires 19,763 Shares of Emerson Electric Co. (NYSE:EMR)

Crossmark Global Holdings Inc. grew its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 13.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,557 shares of the industrial products company's stock after acquiring an additional 19,763 shares during the period. Crossmark Global Holdings Inc.'s holdings in Emerson Electric were worth $18,326,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of EMR. Newport Trust Company LLC acquired a new position in Emerson Electric in the second quarter worth $574,908,000. Pathway Financial Advisers LLC lifted its position in shares of Emerson Electric by 10,993.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company's stock worth $226,443,000 after buying an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock valued at $422,852,000 after buying an additional 2,016,075 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 Emerson Electric by 57,336.1% in the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company's stock worth $131,918,000 after acquiring an additional 1,204,058 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

Emerson Electric Price Performance

Shares of NYSE EMR traded up $0.07 during trading on Friday, hitting $127.26. The company had a trading volume of 2,748,179 shares, compared to its average volume of 2,680,459. The company has a market cap of $72.88 billion, a P/E ratio of 37.21, a PEG ratio of 1.94 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.77. The business's 50-day moving average is $108.39 and its 200 day moving average is $109.30. Emerson Electric Co. has a 52 week low of $85.00 and a 52 week high of $128.56.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. The firm's quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a $0.5275 dividend. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.66%. Emerson Electric's dividend payout ratio is currently 61.40%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company's 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 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

EMR has been the topic of several recent research reports. JPMorgan Chase & Co. downgraded Emerson Electric from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Robert W. Baird boosted 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. Royal Bank of Canada dropped 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 note on Wednesday. Morgan Stanley began coverage on Emerson Electric in a research report on Friday, September 6th. They set an "underweight" rating and a $105.00 price target for the company. Finally, Oppenheimer raised 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. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $127.65.

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.