Longfellow Investment Management Co. LLC Has $560,000 Position in Emerson Electric Co. (NYSE:EMR)

Longfellow Investment Management Co. LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 26,826.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,116 shares of the industrial products company's stock after buying an additional 5,097 shares during the quarter. Longfellow Investment Management Co. LLC's holdings in Emerson Electric were worth $560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EMR. Newport Trust Company LLC acquired a new position in shares of Emerson Electric during the 2nd quarter worth approximately $574,908,000. Pathway Financial Advisers LLC grew its position in Emerson Electric by 10,993.2% during the third 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 in the last quarter. Van ECK Associates Corp increased its stake in 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 worth $422,852,000 after acquiring an additional 2,016,075 shares during the period. Swedbank AB lifted its position in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock valued at $278,285,000 after acquiring an additional 1,424,800 shares during the period. Finally, Perpetual Ltd grew its holdings in shares of Emerson Electric by 57,336.1% during the 3rd quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company's stock worth $131,918,000 after purchasing an additional 1,204,058 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Emerson Electric 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 transaction 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 approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.25% of the company's stock.

Emerson Electric Trading Up 2.1 %

NYSE EMR traded up $2.72 on Monday, hitting $132.79. The company's stock had a trading volume of 5,740,084 shares, compared to its average volume of 2,753,577. The firm has a market cap of $75.72 billion, a PE ratio of 38.03, a PEG ratio of 2.18 and a beta of 1.30. The company's 50-day moving average is $114.02 and its 200 day moving average is $110.75. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 1-year low of $87.55 and a 1-year high of $133.54.

Emerson Electric Increases Dividend

The business also recently announced 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. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric's dividend payout ratio (DPR) is currently 61.70%.

Analyst Upgrades and Downgrades

EMR has been the subject of several recent analyst reports. Barclays upped their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 6th. Wells Fargo & Company upped 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. Oppenheimer boosted their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. UBS Group started coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 target price on the stock. Finally, Robert W. Baird upped their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $130.00.

Emerson Electric Profile

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.