Emerson Electric Co. (NYSE:EMR) Shares Acquired by Impax Asset Management Group plc

Impax Asset Management Group plc grew its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 16.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 107,446 shares of the industrial products company's stock after buying an additional 15,340 shares during the period. Impax Asset Management Group plc's holdings in Emerson Electric were worth $11,751,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in EMR. Farther Finance Advisors LLC raised its stake in shares of Emerson Electric by 55.0% during the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company's stock worth $931,000 after purchasing an additional 3,060 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Emerson Electric by 17.0% in the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company's stock valued at $152,359,000 after acquiring an additional 194,944 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of Emerson Electric by 8.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company's stock worth $7,578,000 after acquiring an additional 5,416 shares during the period. V Square Quantitative Management LLC increased its position in Emerson Electric by 82.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company's stock worth $435,000 after purchasing an additional 1,792 shares during the period. Finally, UniSuper Management Pty Ltd boosted its stake in shares of Emerson Electric by 223.9% in the first quarter. UniSuper Management Pty Ltd now owns 16,004 shares of the industrial products company's stock valued at $1,815,000 after buying an additional 11,063 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Trading Down 1.3 %

Shares of NYSE:EMR traded down $1.69 during midday trading on Friday, reaching $126.78. The company's stock had a trading volume of 2,672,017 shares, compared to its average volume of 2,741,654. The firm has a market cap of $72.29 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The business has a 50 day moving average price of $111.14 and a 200 day moving average price of $109.96. Emerson Electric Co. has a 1 year low of $87.17 and a 1 year high of $131.56. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. The ex-dividend date is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.66%. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio is currently 61.70%.

Wall Street Analysts Forecast Growth

EMR has been the subject of several recent analyst reports. StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Thursday. Royal Bank of Canada lowered their price target on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. BNP Paribas assumed coverage on Emerson Electric in a research report on Wednesday. They set an "outperform" rating and a $155.00 target price on the stock. Morgan Stanley started coverage on Emerson Electric in a research note on Friday, September 6th. They set an "underweight" rating and a $105.00 price target for the company. Finally, Robert W. Baird raised their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a report on Monday, November 4th. One equities 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $130.00.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares of the company's stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.25% of the company's stock.

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.