Maverick Capital Ltd. Sells 23,173 Shares of Emerson Electric Co. (NYSE:EMR)

Maverick Capital Ltd. trimmed its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 89.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,596 shares of the industrial products company's stock after selling 23,173 shares during the quarter. Maverick Capital Ltd.'s holdings in Emerson Electric were worth $284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its holdings in 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 worth $931,000 after purchasing an additional 3,060 shares during the last quarter. Bank of Montreal Can boosted its stake in Emerson Electric by 17.0% in the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company's stock valued at $152,359,000 after acquiring an additional 194,944 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings 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 acquiring an additional 5,416 shares during the period. V Square Quantitative Management LLC raised its position in shares of Emerson Electric by 82.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company's stock valued at $435,000 after acquiring an additional 1,792 shares during the last quarter. Finally, Proactive Wealth Strategies LLC bought a new position in shares of Emerson Electric in the 3rd quarter worth $443,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.25% of the company's stock.

Emerson Electric Stock Up 0.9 %

Shares of EMR stock traded up $1.15 on Monday, reaching $133.75. 2,922,010 shares of the company were exchanged, compared to its average volume of 2,747,386. Emerson Electric Co. has a one year low of $87.59 and a one year high of $134.17. The company has a market cap of $76.26 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 2.23 and a beta of 1.30. The company has a 50-day moving average of $116.88 and a 200-day moving average of $111.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend 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 dividend payout ratio is currently 61.70%.

Analyst Ratings Changes

Several research firms have weighed in on EMR. Loop Capital increased their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Monday. Royal Bank of Canada cut their price target on shares of 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. downgraded shares of Emerson Electric from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Finally, Barclays raised 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and an average price target of $131.11.

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.