Short Interest in Emerson Electric Co. (NYSE:EMR) Grows By 7.6%

Emerson Electric Co. (NYSE:EMR - Get Free Report) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 9,290,000 shares, an increase of 7.6% from the October 15th total of 8,630,000 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,840,000 shares, the short-interest ratio is currently 3.3 days.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction 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 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 document filed with the SEC, which is available through this hyperlink. 0.25% of the stock is owned by company insiders.

Institutional Trading of Emerson Electric

Large investors have recently modified their holdings of the business. Newport Trust Company LLC acquired a new position in Emerson Electric during the 2nd quarter worth $574,908,000. Pathway Financial Advisers LLC raised its position in shares of Emerson Electric by 10,993.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company's stock valued at $226,443,000 after acquiring an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp increased its stake in Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the last quarter. State Street Corp lifted its position in shares of Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock worth $2,822,858,000 after buying an additional 1,507,980 shares during the last quarter. Finally, Swedbank AB grew its position in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock valued at $278,285,000 after buying an additional 1,424,800 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research reports. KeyCorp upped their price objective on shares of Emerson Electric from $125.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Barclays boosted their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 6th. UBS Group began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price target on the stock. Finally, Royal Bank of Canada cut their target price on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus price target of $130.00.

Emerson Electric Trading Up 0.3 %

Shares of Emerson Electric stock traded up $0.40 during trading hours on Tuesday, hitting $129.56. The company's stock had a trading volume of 2,729,127 shares, compared to its average volume of 2,744,534. The business has a fifty day moving average of $111.73 and a 200 day moving average of $110.16. 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 has a 1-year low of $87.55 and a 1-year high of $131.56. The company has a market capitalization of $73.88 billion, a PE ratio of 37.81, a P/E/G ratio of 2.13 and a beta of 1.30.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.63%. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric's dividend payout ratio (DPR) is presently 61.70%.

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.