Mizuho Markets Americas LLC Sells 3,960 Shares of Emerson Electric Co. (NYSE:EMR)

Mizuho Markets Americas LLC cut its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 7.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,439 shares of the industrial products company's stock after selling 3,960 shares during the period. Mizuho Markets Americas LLC's holdings in Emerson Electric were worth $5,407,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in Emerson Electric by 55.0% in the second 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 period. Bank of Montreal Can boosted its holdings in shares of 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 in the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of Emerson Electric by 8.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company's stock valued at $7,578,000 after acquiring an additional 5,416 shares during the period. V Square Quantitative Management LLC lifted its position in Emerson Electric by 82.0% in the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company's stock worth $435,000 after purchasing an additional 1,792 shares during the period. Finally, UniSuper Management Pty Ltd raised its stake in shares of Emerson Electric by 223.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 16,004 shares of the industrial products company's stock worth $1,815,000 after buying an additional 11,063 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business's stock in a transaction on 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 sale, the senior vice president now owns 262,408 shares of the company's stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.25% of the company's stock.

Emerson Electric Stock Performance

Shares of NYSE EMR traded down $1.69 during trading hours on Friday, hitting $126.78. 2,672,017 shares of the stock were exchanged, compared to its average volume of 3,070,555. The firm has a market capitalization of $72.29 billion, a P/E ratio of 37.07, a P/E/G ratio of 2.13 and a beta of 1.30. The company's 50 day moving average is $111.14 and its 200 day moving average is $109.98. Emerson Electric Co. has a one year low of $87.17 and a one year high of $131.56. 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 declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given 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 yield of 1.66%. The ex-dividend date is Friday, November 15th. Emerson Electric's payout ratio is currently 61.40%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Robert W. Baird raised their target price on Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Morgan Stanley began coverage on shares of Emerson Electric in a report on Friday, September 6th. They set an "underweight" rating and a $105.00 target price for the company. UBS Group began coverage on Emerson Electric in a report on Wednesday. They set a "neutral" rating and a $135.00 price objective on the stock. Oppenheimer boosted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, September 26th. Finally, Royal Bank of Canada decreased their price target on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and a consensus price target 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.