Zurcher Kantonalbank Zurich Cantonalbank Sells 63,462 Shares of Emerson Electric Co. (NYSE:EMR)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 20.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 245,704 shares of the industrial products company's stock after selling 63,462 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Emerson Electric were worth $26,873,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of Emerson Electric by 55.0% during the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company's stock valued at $931,000 after acquiring an additional 3,060 shares in 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 in the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of 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 purchasing an additional 5,416 shares during the last quarter. V Square Quantitative Management LLC increased its stake in 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 worth $435,000 after buying an additional 1,792 shares during the period. Finally, Proactive Wealth Strategies LLC bought a new stake in Emerson Electric during the third quarter worth approximately $443,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.25% of the company's stock.

Emerson Electric Price Performance

Shares of EMR traded up $0.01 during midday trading on Friday, hitting $132.60. 1,531,727 shares of the company traded hands, compared to its average volume of 2,746,630. 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 $75.61 billion, a price-to-earnings ratio of 38.78, a PEG ratio of 2.23 and a beta of 1.30. The firm has a 50 day moving average of $116.88 and a 200-day moving average of $111.42. Emerson Electric Co. has a 52 week low of $87.59 and a 52 week high of $134.17.

Emerson Electric Increases Dividend

The business 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 dividend of $0.5275 per share. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.59%. Emerson Electric's dividend payout ratio (DPR) is presently 61.70%.

Analyst Ratings Changes

A number of research firms recently issued reports on EMR. BNP Paribas initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They set an "outperform" rating and a $155.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Robert W. Baird increased their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a report on Monday, November 4th. KeyCorp lifted their price objective on shares of Emerson Electric from $125.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lowered shares of Emerson Electric from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $130.00.

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.