EP Wealth Advisors LLC Has $4.09 Million Holdings in Emerson Electric Co. (NYSE:EMR)

EP Wealth Advisors LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 78.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,371 shares of the industrial products company's stock after purchasing an additional 16,388 shares during the period. EP Wealth Advisors LLC's holdings in Emerson Electric were worth $4,087,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EMR. Farther Finance Advisors LLC boosted its holdings in Emerson Electric by 55.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company's stock valued at $931,000 after purchasing an additional 3,060 shares in the last quarter. Bank of Montreal Can grew its position in Emerson Electric by 17.0% during the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company's stock worth $152,359,000 after buying an additional 194,944 shares during the period. Dynamic Advisor Solutions LLC increased its stake 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 valued at $7,578,000 after purchasing an additional 5,416 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Emerson Electric by 130.0% during the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company's stock worth $1,044,000 after buying an additional 5,393 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its position in shares of 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 valued at $435,000 after purchasing an additional 1,792 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Down 0.4 %

Shares of NYSE:EMR traded down $0.55 during midday trading on Monday, hitting $130.43. The stock had a trading volume of 2,859,382 shares, compared to its average volume of 2,746,766. 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 business's 50-day simple moving average is $119.93 and its 200-day simple moving average is $112.19. Emerson Electric Co. has a 12 month low of $89.17 and a 12 month high of $134.85. The company has a market cap of $74.28 billion, a P/E ratio of 38.14, a PEG ratio of 2.20 and a beta of 1.34.

Emerson Electric Increases Dividend

The business also recently announced 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 is an increase from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. Emerson Electric's payout ratio is presently 61.70%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EMR shares. UBS Group started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 target price on the stock. Barclays boosted their price target on Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Thursday. BNP Paribas assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price target for the company. JPMorgan Chase & Co. lowered Emerson Electric from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Finally, Stephens downgraded shares of 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $133.17.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company's stock in a transaction 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 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 filing with the SEC, which is available through this hyperlink. Insiders own 0.25% of the company's stock.

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.