Kovitz Investment Group Partners LLC Increases Stake in Emerson Electric Co. (NYSE:EMR)

Kovitz Investment Group Partners LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 1,333.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,846 shares of the industrial products company's stock after buying an additional 52,880 shares during the period. Kovitz Investment Group Partners LLC's holdings in Emerson Electric were worth $6,217,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its stake in shares of Emerson Electric by 6.2% during the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares during the period. Wellington Management Group LLP boosted its stake in Emerson Electric by 4.2% in the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock valued at $1,591,612,000 after acquiring an additional 581,102 shares during the last quarter. Newport Trust Company LLC purchased a new stake in shares of Emerson Electric during the 2nd quarter worth approximately $574,908,000. Legal & General Group Plc raised its holdings in shares of Emerson Electric by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company's stock worth $496,877,000 after purchasing an additional 224,784 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock valued at $422,852,000 after buying an additional 2,016,075 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

NYSE EMR traded down $2.17 during trading hours on Friday, reaching $130.98. 2,628,060 shares of the stock traded hands, compared to its average volume of 2,825,938. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The company has a market cap of $74.60 billion, a price-to-earnings ratio of 38.30, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34. The stock has a 50 day simple moving average of $119.51 and a two-hundred day simple moving average of $112.08. Emerson Electric Co. has a 1 year low of $87.71 and a 1 year high of $134.85.

Emerson Electric Increases Dividend

The firm also recently disclosed 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. 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 dividend on an annualized basis and a yield of 1.61%. Emerson Electric's dividend payout ratio is 61.70%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm'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 directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EMR shares. Robert W. Baird boosted their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. BNP Paribas started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set an "outperform" rating and a $155.00 price target on the stock. Oppenheimer boosted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, September 26th. KeyCorp raised their price target on Emerson Electric from $125.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Finally, StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Sunday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $132.17.

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.