ING Groep NV Sells 124,438 Shares of Emerson Electric Co. (NYSE:EMR)

ING Groep NV lessened its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 62.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,945 shares of the industrial products company's stock after selling 124,438 shares during the period. ING Groep NV's holdings in Emerson Electric were worth $8,306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of EMR. Lifeworks Advisors LLC boosted its position in shares of Emerson Electric by 15.3% during the 3rd quarter. Lifeworks Advisors LLC now owns 4,217 shares of the industrial products company's stock valued at $461,000 after acquiring an additional 558 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in Emerson Electric by 6.3% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,667 shares of the industrial products company's stock valued at $1,714,000 after purchasing an additional 928 shares during the last quarter. Metis Global Partners LLC grew its stake in Emerson Electric by 1.6% in the 3rd quarter. Metis Global Partners LLC now owns 18,237 shares of the industrial products company's stock worth $1,995,000 after buying an additional 280 shares in the last quarter. Curi RMB Capital LLC increased its holdings in shares of Emerson Electric by 5.1% in the 3rd quarter. Curi RMB Capital LLC now owns 14,750 shares of the industrial products company's stock worth $1,613,000 after buying an additional 721 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Emerson Electric by 4.1% during the 3rd quarter. Huntington National Bank now owns 782,095 shares of the industrial products company's stock worth $85,538,000 after acquiring an additional 31,075 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 1.3 %

Emerson Electric stock traded down $1.69 during trading hours on Friday, hitting $126.78. 2,672,017 shares of the stock traded hands, compared to its average volume of 2,741,654. Emerson Electric Co. has a one year low of $87.17 and a one year high of $131.56. The firm's 50-day moving average price is $111.14 and its two-hundred day moving average price is $109.96. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The company has a market cap of $72.29 billion, a PE ratio of 37.07, a PEG ratio of 2.18 and a beta of 1.30.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.66%. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric's dividend payout ratio is presently 61.70%.

Insiders Place Their Bets

In other Emerson Electric 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 in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of research analyst reports. KeyCorp increased their target price on Emerson Electric from $125.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Oppenheimer raised their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, September 26th. Stephens lowered Emerson Electric from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Barclays lifted their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 6th. Finally, BNP Paribas assumed coverage on shares of Emerson Electric in a research note on Wednesday. They issued an "outperform" rating and a $155.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $130.00.

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.