Emerson Electric Co. (NYSE:EMR) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,453,075 shares of the industrial products company's stock after purchasing an additional 162,985 shares during the quarter. Geode Capital Management LLC owned 2.01% of Emerson Electric worth $1,247,570,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in Emerson Electric by 55.0% during the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company's stock worth $931,000 after purchasing an additional 3,060 shares during the period. Bank of Montreal Can increased its stake in Emerson Electric by 17.0% during the 2nd quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company's stock worth $152,359,000 after buying an additional 194,944 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in Emerson Electric by 8.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company's stock worth $7,578,000 after buying an additional 5,416 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Emerson Electric by 130.0% in the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company's stock worth $1,044,000 after acquiring an additional 5,393 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its stake in shares of Emerson Electric by 82.0% in the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company's stock valued at $435,000 after acquiring an additional 1,792 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Stephens cut Emerson Electric from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. KeyCorp raised their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a report on Monday. StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Sunday. Finally, Morgan Stanley initiated coverage on Emerson Electric in a report on Friday, September 6th. They set an "underweight" rating and a $105.00 price target for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus price target of $133.17.

Emerson Electric Trading Up 1.4 %

NYSE:EMR traded up $1.75 on Wednesday, hitting $130.90. 2,305,590 shares of the stock were exchanged, compared to its average volume of 2,745,304. The stock has a fifty day moving average of $120.33 and a 200-day moving average of $112.30. The stock has a market cap of $74.55 billion, a PE ratio of 38.22, a PEG ratio of 2.20 and a beta of 1.34. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a fifty-two week low of $89.17 and a fifty-two week high of $134.85.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a $0.5275 dividend. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.61%. Emerson Electric's dividend payout ratio (DPR) is presently 61.70%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

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.