State Street Corp Grows Holdings in Emerson Electric Co. (NYSE:EMR)

State Street Corp increased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,810,167 shares of the industrial products company's stock after purchasing an additional 1,507,980 shares during the quarter. State Street Corp owned approximately 4.53% of Emerson Electric worth $2,822,858,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the third quarter valued at $25,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric during the 3rd quarter valued at about $29,000. Frazier Financial Advisors LLC bought a new stake in shares of Emerson Electric in the 3rd quarter valued at about $33,000. Meeder Asset Management Inc. boosted its stake in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 235 shares in the last quarter. Finally, Morton Brown Family Wealth LLC purchased a new position in Emerson Electric during the third quarter valued at approximately $33,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EMR. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They set an "underweight" rating and a $105.00 target price on the stock. Wells Fargo & Company lifted their target price on Emerson Electric from $128.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. StockNews.com lowered shares of Emerson Electric from a "buy" rating to a "hold" rating in a research report on Saturday, November 30th. BNP Paribas initiated coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set an "outperform" rating and a $155.00 price objective for the company. Finally, Royal Bank of Canada lowered their target price on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and a consensus price target of $132.17.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by insiders.

Emerson Electric Stock Performance

NYSE EMR traded down $2.17 during trading hours on Friday, reaching $130.98. The stock had a trading volume of 2,628,060 shares, compared to its average volume of 2,746,289. Emerson Electric Co. has a 52-week low of $87.71 and a 52-week high of $134.85. The stock has a fifty day moving average of $119.07 and a 200 day moving average 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 stock has a market cap of $74.60 billion, a P/E ratio of 38.28, a price-to-earnings-growth ratio of 2.24 and a beta of 1.34.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.5275 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.61%. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio is presently 61.70%.

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.