Fmr LLC Reduces Holdings in Emerson Electric Co. (NYSE:EMR)

FMR LLC trimmed its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 4.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,124,906 shares of the industrial products company's stock after selling 143,812 shares during the quarter. FMR LLC owned approximately 0.55% of Emerson Electric worth $341,771,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dai ichi Life Insurance Company Ltd boosted its holdings in Emerson Electric by 38.5% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 97,590 shares of the industrial products company's stock valued at $10,673,000 after purchasing an additional 27,149 shares in the last quarter. Patton Albertson Miller Group LLC boosted its holdings in shares of Emerson Electric by 3.4% in the 3rd quarter. Patton Albertson Miller Group LLC now owns 7,619 shares of the industrial products company's stock valued at $833,000 after buying an additional 249 shares in the last quarter. West Tower Group LLC purchased a new position in shares of Emerson Electric in the 3rd quarter valued at $295,000. Qsemble Capital Management LP acquired a new stake in Emerson Electric during the 3rd quarter worth $1,665,000. Finally, Horizon Kinetics Asset Management LLC lifted its position in Emerson Electric by 34.3% in the third quarter. Horizon Kinetics Asset Management LLC now owns 24,297 shares of the industrial products company's stock valued at $2,657,000 after acquiring an additional 6,200 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 262,408 shares of the company's stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Morgan Stanley started coverage on Emerson Electric in a research report on Friday, September 6th. They set an "underweight" rating and a $105.00 target price on the stock. Robert W. Baird boosted their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Stephens downgraded Emerson Electric from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Royal Bank of Canada reduced their price target on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company raised their price objective on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $130.00.

Emerson Electric Price Performance

EMR stock traded up $0.01 on Friday, reaching $132.60. 1,531,727 shares of the company's stock were exchanged, compared to its average volume of 3,297,555. Emerson Electric Co. has a twelve month low of $87.59 and a twelve month high of $134.17. 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 stock has a fifty day moving average of $116.88 and a 200-day moving average of $111.38. The firm has a market cap of $75.61 billion, a PE ratio of 38.77, a P/E/G ratio of 2.23 and a beta of 1.30.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a $0.5275 dividend. 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 an increase from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio (DPR) is currently 61.70%.

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.