Kingsview Wealth Management LLC Cuts Position in Emerson Electric Co. (NYSE:EMR)

Kingsview Wealth Management LLC lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 69.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,866 shares of the industrial products company's stock after selling 50,938 shares during the period. Kingsview Wealth Management LLC's holdings in Emerson Electric were worth $2,501,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EMR. Price T Rowe Associates Inc. MD lifted its position in shares of Emerson Electric by 15.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,106,633 shares of the industrial products company's stock worth $125,515,000 after purchasing an additional 149,446 shares during the last quarter. SVB Wealth LLC lifted its holdings in Emerson Electric by 4.1% during the 1st quarter. SVB Wealth LLC now owns 10,401 shares of the industrial products company's stock valued at $1,180,000 after buying an additional 405 shares in the last quarter. Waverly Advisors LLC boosted its position in Emerson Electric by 2.1% in the 1st quarter. Waverly Advisors LLC now owns 15,925 shares of the industrial products company's stock valued at $1,806,000 after buying an additional 321 shares during the period. Interval Partners LP purchased a new position in shares of Emerson Electric during the first quarter worth approximately $12,713,000. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of Emerson Electric by 15.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 37,845 shares of the industrial products company's stock valued at $4,292,000 after acquiring an additional 4,923 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 corporate insiders.

Analysts Set New Price Targets

EMR has been the topic of several research analyst reports. Barclays increased their price objective on Emerson Electric from $103.00 to $116.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 6th. Robert W. Baird increased their price target on Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Wells Fargo & Company lifted their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an "overweight" rating to a "neutral" rating and cut their target price for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.00.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded up $2.72 on Monday, reaching $132.79. 5,740,084 shares of the stock were exchanged, compared to its average volume of 2,753,577. The business has a 50 day moving average price of $114.02 and a two-hundred day moving average price of $110.75. The firm has a market capitalization of $75.72 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 2.18 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $87.55 and a twelve month high of $133.54. 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 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 issued a $0.5275 dividend. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, November 15th. Emerson Electric's dividend payout ratio is 61.70%.

Emerson Electric Company 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.