Mizuho Securities USA LLC Has $4.06 Million Position in Emerson Electric Co. (NYSE:EMR)

Mizuho Securities USA LLC cut its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 15.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,137 shares of the industrial products company's stock after selling 6,971 shares during the period. Mizuho Securities USA LLC's holdings in Emerson Electric were worth $4,062,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Emerson Electric by 55.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company's stock valued at $931,000 after buying an additional 3,060 shares in the last quarter. Bank of Montreal Can raised its position in Emerson Electric by 17.0% in the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company's stock worth $152,359,000 after purchasing an additional 194,944 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Emerson Electric by 8.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company's stock worth $7,578,000 after purchasing an additional 5,416 shares during the period. V Square Quantitative Management LLC grew its stake in shares of Emerson Electric by 82.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company's stock valued at $435,000 after purchasing an additional 1,792 shares during the period. Finally, Proactive Wealth Strategies LLC acquired a new position in shares of Emerson Electric in the 3rd quarter worth approximately $443,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They issued an "underweight" rating and a $105.00 price target on the stock. Royal Bank of Canada cut their price target on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. Robert W. Baird upped their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Barclays lifted their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. cut Emerson Electric from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $130.00.

Emerson Electric Trading Up 1.4 %

NYSE EMR traded up $1.80 during trading hours on Friday, hitting $130.07. The company's stock had a trading volume of 2,148,794 shares, compared to its average volume of 2,740,422. The stock has a fifty day moving average of $114.02 and a 200 day moving average of $110.74. 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 Co. has a twelve month low of $87.55 and a twelve month high of $131.56. The firm has a market capitalization of $74.17 billion, a P/E ratio of 38.03, a PEG ratio of 2.17 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. Investors of record on Friday, November 15th will be paid a dividend of $0.5275 per share. The ex-dividend date is Friday, November 15th. This is a boost 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%. Emerson Electric's payout ratio is 61.70%.

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.