iA Global Asset Management Inc. Reduces Position in Emerson Electric Co. (NYSE:EMR)

iA Global Asset Management Inc. lowered its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 15.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,120 shares of the industrial products company's stock after selling 10,300 shares during the period. iA Global Asset Management Inc.'s holdings in Emerson Electric were worth $6,028,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in EMR. Czech National Bank raised its stake in shares of Emerson Electric by 8.4% in the 2nd quarter. Czech National Bank now owns 109,019 shares of the industrial products company's stock valued at $12,010,000 after purchasing an additional 8,406 shares during the period. RFG Advisory LLC grew its holdings in Emerson Electric by 5.7% during the second quarter. RFG Advisory LLC now owns 10,118 shares of the industrial products company's stock worth $1,115,000 after purchasing an additional 545 shares during the period. Occidental Asset Management LLC grew its holdings in Emerson Electric by 5.5% during the second quarter. Occidental Asset Management LLC now owns 31,599 shares of the industrial products company's stock worth $3,481,000 after purchasing an additional 1,640 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in shares of Emerson Electric by 5.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 63,869 shares of the industrial products company's stock worth $7,036,000 after acquiring an additional 3,224 shares during the period. Finally, LVW Advisors LLC boosted its holdings in shares of Emerson Electric by 14.2% during the second quarter. LVW Advisors LLC now owns 4,841 shares of the industrial products company's stock worth $533,000 after acquiring an additional 603 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 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 sale was disclosed in a filing with the SEC, which is available at this link. 0.25% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EMR. Barclays boosted their price target on Emerson Electric from $116.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday. Oppenheimer upped their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, September 26th. StockNews.com raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Sunday. BNP Paribas initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an "outperform" rating and a $155.00 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 stock an "overweight" rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and an average target price of $132.17.

Emerson Electric Stock Down 1.6 %

Shares of NYSE EMR traded down $2.17 during midday trading on Friday, hitting $130.98. The stock had a trading volume of 2,628,060 shares, compared to its average volume of 2,825,938. 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 moving average is $119.51 and its 200-day moving average is $112.07. Emerson Electric Co. has a 52 week low of $87.71 and a 52 week high of $134.85. The company has a market cap of $74.60 billion, a P/E ratio of 38.30, a PEG ratio of 2.26 and a beta of 1.34.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.5275 dividend. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Friday, November 15th. Emerson Electric's payout ratio is currently 61.70%.

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.