Oppenheimer Asset Management Inc. Decreases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Oppenheimer Asset Management Inc. lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 12.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 163,255 shares of the industrial products company's stock after selling 22,602 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Emerson Electric were worth $17,855,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in shares of 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 buying an additional 3,060 shares in the last quarter. Bank of Montreal Can increased its holdings in Emerson Electric by 17.0% in the 2nd quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company's stock worth $152,359,000 after purchasing an additional 194,944 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in Emerson Electric by 8.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company's stock worth $7,578,000 after purchasing an additional 5,416 shares in the last quarter. Mizuho Markets Americas LLC increased its holdings in Emerson Electric by 112.4% in the 1st quarter. Mizuho Markets Americas LLC now owns 105,877 shares of the industrial products company's stock worth $12,009,000 after purchasing an additional 56,032 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in Emerson Electric by 82.0% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Up 1.4 %

NYSE:EMR traded up $1.76 on Wednesday, hitting $130.16. The stock had a trading volume of 3,123,285 shares, compared to its average volume of 2,737,643. The business's fifty day moving average is $109.40 and its 200 day moving average is $109.56. The company has a market cap of $74.54 billion, a PE ratio of 38.39, a P/E/G ratio of 2.16 and a beta of 1.30. 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 Co. has a 52 week low of $87.17 and a 52 week high of $131.56.

Emerson Electric Increases Dividend

The business also recently announced 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 represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend 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 (DPR) is currently 61.40%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EMR. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. Barclays increased their price target on Emerson Electric from $103.00 to $116.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. cut Emerson Electric from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Oppenheimer increased their price target on Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, September 26th. Finally, Morgan Stanley assumed coverage on Emerson Electric in a research note on Friday, September 6th. They issued an "underweight" rating and a $105.00 price target for the company. One equities 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $130.00.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of the firm's 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 transaction, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.25% of the company's stock.

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.