92,375 Shares in Emerson Electric Co. (NYSE:EMR) Bought by Erste Asset Management GmbH

Erste Asset Management GmbH acquired a new position in Emerson Electric Co. (NYSE:EMR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 92,375 shares of the industrial products company's stock, valued at approximately $10,092,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Newport Trust Company LLC acquired a new stake in shares of Emerson Electric during the second quarter worth $574,908,000. Pathway Financial Advisers LLC grew its stake in Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company's stock valued at $226,443,000 after purchasing an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock worth $422,852,000 after buying an additional 2,016,075 shares during the last quarter. Swedbank AB lifted 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 worth $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Finally, Perpetual Ltd raised its holdings in Emerson Electric by 57,336.1% in the 3rd quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company's stock valued at $131,918,000 after acquiring an additional 1,204,058 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Emerson Electric Price Performance

EMR traded up $0.49 during trading on Monday, hitting $133.09. 1,032,047 shares of the stock traded hands, compared to its average volume of 2,738,952. Emerson Electric Co. has a twelve month low of $87.59 and a twelve month high of $134.17. The company has a market cap of $75.89 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 2.23 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The business has a 50 day moving average price of $116.88 and a 200 day moving average price of $111.38.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Friday, November 15th. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's payout ratio is presently 61.70%.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EMR shares. Royal Bank of Canada decreased their price target on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. BNP Paribas assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price objective for the company. JPMorgan Chase & Co. cut Emerson Electric from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. KeyCorp lifted their price target on Emerson Electric from $125.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $131.11.

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.