Groupama Asset Managment Has $71,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

Groupama Asset Managment grew its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 23.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,887 shares of the industrial products company's stock after purchasing an additional 12,146 shares during the period. Groupama Asset Managment's holdings in Emerson Electric were worth $71,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its stake in 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 purchasing an additional 1,507,980 shares during the period. Wellington Management Group LLP grew its holdings in shares of Emerson Electric by 4.2% during the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock valued at $1,591,612,000 after buying an additional 581,102 shares in the last quarter. Newport Trust Company LLC acquired a new position in Emerson Electric during the second quarter valued at $574,908,000. Legal & General Group Plc lifted its stake in Emerson Electric by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company's stock worth $496,877,000 after acquiring an additional 224,784 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock worth $422,852,000 after acquiring an additional 2,016,075 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of EMR traded down $1.25 on Tuesday, reaching $129.18. 2,838,406 shares of the stock traded hands, compared to its average volume of 2,747,152. The firm has a market cap of $73.57 billion, a price-to-earnings ratio of 37.77, a P/E/G ratio of 2.20 and a beta of 1.34. Emerson Electric Co. has a 12 month low of $89.17 and a 12 month high of $134.85. The stock's 50-day moving average price is $119.93 and its 200-day moving average price is $112.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric's payout ratio is 61.70%.

Analyst Ratings Changes

Several research firms have weighed in on EMR. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. UBS Group initiated coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 target price on the stock. KeyCorp raised their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research note on Monday. Loop Capital boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Finally, Barclays raised their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $133.17.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the company's stock in a transaction dated 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 approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.