HighTower Advisors LLC Acquires 116,162 Shares of Emerson Electric Co. (NYSE:EMR)

HighTower Advisors LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 38.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 415,876 shares of the industrial products company's stock after buying an additional 116,162 shares during the quarter. HighTower Advisors LLC owned approximately 0.07% of Emerson Electric worth $45,464,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of Emerson Electric by 55.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company's stock valued at $931,000 after purchasing an additional 3,060 shares in the last quarter. Bank of Montreal Can increased its position in Emerson Electric by 17.0% in the 2nd quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company's stock valued at $152,359,000 after buying an additional 194,944 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake 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 during the period. Larson Financial Group LLC grew its stake in 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 valued at $1,044,000 after acquiring an additional 5,393 shares during the period. Finally, V Square Quantitative Management LLC raised its position in shares of 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 period. Institutional investors and hedge funds own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EMR shares. Barclays raised their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday. KeyCorp increased their price objective on Emerson Electric from $125.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. Royal Bank of Canada cut their target price on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut Emerson Electric from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average target price of $132.17.

Emerson Electric Stock Performance

EMR stock traded down $1.17 during midday trading on Thursday, reaching $133.16. 2,377,869 shares of the company's stock traded hands, compared to its average volume of 2,746,792. Emerson Electric Co. has a 52 week low of $87.59 and a 52 week high of $134.85. The company has a 50-day moving average price of $119.07 and a two-hundred day moving average price of $111.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The firm has a market capitalization of $75.84 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 2.24 and a beta of 1.34.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Friday, November 15th. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's payout ratio is presently 61.70%.

Insider Activity

In other Emerson Electric 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 transaction, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.