Janus Henderson Group PLC Sells 50,691 Shares of Emerson Electric Co. (NYSE:EMR)

Janus Henderson Group PLC decreased its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 33.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,377 shares of the industrial products company's stock after selling 50,691 shares during the quarter. Janus Henderson Group PLC's holdings in Emerson Electric were worth $10,976,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EMR. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the third quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric during the 3rd quarter valued at $29,000. Frazier Financial Advisors LLC purchased a new position in shares of Emerson Electric in the 3rd quarter worth $33,000. Meeder Asset Management Inc. grew its holdings in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock worth $33,000 after acquiring an additional 235 shares during the period. Finally, Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the third quarter valued at about $33,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on EMR. Morgan Stanley started coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an "underweight" rating and a $105.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Loop Capital boosted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Robert W. Baird raised their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Finally, Wells Fargo & Company boosted their price target on Emerson Electric from $128.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $133.17.

Emerson Electric Price Performance

NYSE EMR traded down $0.55 on Monday, reaching $130.43. The company had a trading volume of 2,859,382 shares, compared to its average volume of 2,746,766. The firm's 50 day moving average price is $119.93 and its 200 day moving average price is $112.19. Emerson Electric Co. has a 12 month low of $89.17 and a 12 month high of $134.85. The stock has a market capitalization of $74.28 billion, a PE ratio of 38.14, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given 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 dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric's payout ratio is currently 61.70%.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the 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 completion of the transaction, the senior vice president now owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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.