Franklin Resources Inc. Purchases 17,913 Shares of Emerson Electric Co. (NYSE:EMR)

Franklin Resources Inc. lifted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 586,319 shares of the industrial products company's stock after purchasing an additional 17,913 shares during the period. Franklin Resources Inc. owned about 0.10% of Emerson Electric worth $66,043,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. LCM Capital Management Inc lifted its holdings in Emerson Electric by 1.4% in the second quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company's stock worth $748,000 after acquiring an additional 91 shares during the last quarter. Sabal Trust CO boosted its position in Emerson Electric by 2.2% during the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company's stock valued at $475,000 after purchasing an additional 93 shares during the period. Catalyst Financial Partners LLC increased its position in Emerson Electric by 3.7% in the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company's stock worth $287,000 after buying an additional 94 shares during the period. Shoker Investment Counsel Inc. lifted its stake in Emerson Electric by 0.4% in the second quarter. Shoker Investment Counsel Inc. now owns 23,767 shares of the industrial products company's stock valued at $2,618,000 after buying an additional 96 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in shares of Emerson Electric by 0.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company's stock worth $2,016,000 after acquiring an additional 97 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on EMR. Deutsche Bank Aktiengesellschaft upped their target price 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. Stephens lowered Emerson Electric from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Loop Capital lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. UBS Group initiated 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, Wells Fargo & Company increased their price objective on shares of Emerson Electric from $128.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus price target of $134.58.

Emerson Electric Stock Down 1.6 %

Shares of EMR traded down $2.11 during mid-day trading on Tuesday, reaching $128.08. The company's stock had a trading volume of 3,589,807 shares, compared to its average volume of 2,750,336. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The company has a market cap of $72.95 billion, a price-to-earnings ratio of 38.07, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. The business has a fifty day moving average of $121.90 and a 200 day moving average of $112.83.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a dividend of $0.5275 per share. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric's dividend payout ratio (DPR) is currently 61.70%.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company's stock in a transaction dated 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 directly owns 262,408 shares of the company's stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.25% of the stock is currently owned by insiders.

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.