KBC Group NV Sells 9,219 Shares of Emerson Electric Co. (NYSE:EMR)

KBC Group NV decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,877 shares of the industrial products company's stock after selling 9,219 shares during the period. KBC Group NV's holdings in Emerson Electric were worth $6,305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp increased its position in Emerson Electric by 6.2% in the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock worth $2,822,858,000 after buying an additional 1,507,980 shares during the period. Wellington Management Group LLP increased its holdings in shares of Emerson Electric by 4.2% in the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock worth $1,591,612,000 after acquiring an additional 581,102 shares during the period. Geode Capital Management LLC lifted its position in Emerson Electric by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock valued at $1,247,570,000 after purchasing an additional 162,985 shares during the last quarter. Nordea Investment Management AB boosted its stake in Emerson Electric by 5.7% during the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock valued at $871,083,000 after purchasing an additional 375,470 shares during the period. Finally, Van ECK Associates Corp grew its position in Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock worth $422,852,000 after purchasing an additional 2,016,075 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Down 0.5 %

EMR traded down $0.59 during trading on Friday, reaching $129.85. The company had a trading volume of 4,718,854 shares, compared to its average volume of 2,994,703. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85. The company has a market cap of $73.95 billion, a price-to-earnings ratio of 37.97, a PEG ratio of 2.20 and a beta of 1.35. The firm's 50-day simple moving average is $127.14 and its 200 day simple moving average is $116.38.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio is 61.70%.

Wall Street Analyst Weigh In

EMR has been the subject of several analyst reports. Barclays boosted their price objective on Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. Stephens lowered Emerson Electric from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. KeyCorp raised their price target on Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a report on Monday, December 9th. UBS Group started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 price objective for the company. Finally, Loop Capital raised their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and an average target price of $136.45.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 transaction, the senior vice president now owns 262,408 shares of the company's stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.50% of the company's stock.

About Emerson Electric

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.