Emerson Electric Co. (NYSE:EMR) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 13.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 288,443 shares of the industrial products company's stock after buying an additional 33,908 shares during the quarter. Victory Capital Management Inc. owned about 0.05% of Emerson Electric worth $31,547,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Aptus Capital Advisors LLC boosted its position in shares of Emerson Electric by 12.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 8,793 shares of the industrial products company's stock worth $962,000 after purchasing an additional 966 shares in the last quarter. Missouri Trust & Investment Co increased its holdings in shares of Emerson Electric by 3.1% during the third quarter. Missouri Trust & Investment Co now owns 6,559 shares of the industrial products company's stock valued at $717,000 after acquiring an additional 200 shares in the last quarter. Cumberland Partners Ltd raised its position in shares of Emerson Electric by 8.2% in the 3rd quarter. Cumberland Partners Ltd now owns 11,850 shares of the industrial products company's stock valued at $1,296,000 after purchasing an additional 900 shares during the last quarter. Savvy Advisors Inc. boosted its stake in Emerson Electric by 2.4% in the 3rd quarter. Savvy Advisors Inc. now owns 11,541 shares of the industrial products company's stock worth $1,262,000 after purchasing an additional 266 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its stake in Emerson Electric by 2.1% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 15,782 shares of the industrial products company's stock valued at $1,726,000 after purchasing an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred on 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 approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EMR. Morgan Stanley assumed coverage on shares of Emerson Electric in a report on Friday, September 6th. They set an "underweight" rating and a $105.00 price objective on the stock. BNP Paribas assumed coverage on Emerson Electric in a research note on Wednesday. They issued an "outperform" rating and a $155.00 price objective for the company. Wells Fargo & Company raised their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. StockNews.com raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and an average price target of $130.00.

Emerson Electric Price Performance

Shares of NYSE EMR traded down $1.69 during trading on Friday, hitting $126.78. The company had a trading volume of 2,672,017 shares, compared to its average volume of 3,070,555. Emerson Electric Co. has a fifty-two week low of $87.17 and a fifty-two week high of $131.56. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $111.14 and a two-hundred day simple moving average of $109.98. The firm has a market capitalization of $72.29 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 2.13 and a beta of 1.30.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.5275 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.66%. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio (DPR) is presently 61.40%.

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.