KBC Group NV Sells 31,047 Shares of Emerson Electric Co. (NYSE:EMR)

KBC Group NV lessened its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 34.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,096 shares of the industrial products company's stock after selling 31,047 shares during the period. KBC Group NV's holdings in Emerson Electric were worth $6,572,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric in the third quarter valued at approximately $25,000. Transcendent Capital Group LLC acquired a new stake in Emerson Electric in the 1st quarter valued at $31,000. Meeder Asset Management Inc. increased its stake in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock valued at $33,000 after buying an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth about $33,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company's stock worth $36,000 after buying an additional 269 shares during the period. Institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of recent research reports. Stephens downgraded shares of Emerson Electric from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Oppenheimer upped their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a research 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 Thursday. Morgan Stanley assumed coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an "underweight" rating and a $105.00 price objective on the stock. Finally, Royal Bank of Canada cut their target price on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. 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 company. According to data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus target price of $130.00.

Insider Activity 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 stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.25% of the stock is currently owned by insiders.

Emerson Electric Price Performance

Shares of NYSE EMR traded up $2.38 during midday trading on Monday, hitting $129.16. 2,379,339 shares of the company's stock were exchanged, compared to its average volume of 2,738,972. 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 business's fifty day moving average price is $111.14 and its two-hundred day moving average price is $110.00. The company has a market cap of $73.65 billion, a price-to-earnings ratio of 37.07, a PEG ratio of 2.13 and a beta of 1.30. Emerson Electric Co. has a 12-month low of $87.55 and a 12-month high of $131.56.

Emerson Electric Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, November 15th. 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%. Emerson Electric's dividend payout ratio is 61.40%.

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.