Laffer Tengler Investments Inc. Acquires 4,618 Shares of Emerson Electric Co. (NYSE:EMR)

Laffer Tengler Investments Inc. lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 7.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,678 shares of the industrial products company's stock after buying an additional 4,618 shares during the period. Emerson Electric comprises about 1.5% of Laffer Tengler Investments Inc.'s portfolio, making the stock its 21st biggest holding. Laffer Tengler Investments Inc.'s holdings in Emerson Electric were worth $7,293,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Newport Trust Company LLC bought a new stake in Emerson Electric during the 2nd quarter worth $574,908,000. Legal & General Group Plc grew its position in Emerson Electric by 5.2% during 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 acquiring an additional 224,784 shares during the last quarter. Van ECK Associates Corp grew its position in Emerson Electric by 107.2% during 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 acquiring an additional 2,016,075 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Emerson Electric by 3.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,738,701 shares of the industrial products company's stock worth $297,653,000 after acquiring an additional 88,294 shares during the last quarter. Finally, Swedbank AB grew its position in Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock worth $278,285,000 after acquiring an additional 1,424,800 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on EMR. Royal Bank of Canada reduced their price target on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. KeyCorp upped their price target on Emerson Electric from $125.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lowered Emerson Electric from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.65.

Emerson Electric Stock Up 1.5 %

EMR stock traded up $1.94 during trading on Monday, reaching $129.20. 3,037,974 shares of the stock were exchanged, compared to its average volume of 2,734,266. The firm's 50 day moving average is $108.39 and its 200 day moving average is $109.30. Emerson Electric Co. has a twelve month low of $85.91 and a twelve month high of $130.00. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. The firm has a market cap of $73.99 billion, a P/E ratio of 37.78, a price-to-earnings-growth ratio of 2.13 and a beta of 1.30.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. 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 1.63%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric's payout ratio is currently 61.70%.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $33,052,911.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.