M&T Bank Corp Cuts Stock Position in Emerson Electric Co. (NYSE:EMR)

M&T Bank Corp reduced its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 529,967 shares of the industrial products company's stock after selling 4,135 shares during the period. M&T Bank Corp owned 0.09% of Emerson Electric worth $57,962,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of Emerson Electric by 55.0% during the second 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 during the last quarter. Bank of Montreal Can lifted its stake in Emerson Electric by 17.0% in the 2nd 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 boosted its holdings in shares of Emerson Electric by 8.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company's stock valued at $7,578,000 after purchasing an additional 5,416 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Emerson Electric by 130.0% in the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company's stock worth $1,044,000 after purchasing an additional 5,393 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its position in shares of Emerson Electric by 82.0% in the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company's stock worth $435,000 after buying an additional 1,792 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Up 1.4 %

EMR traded up $1.74 during trading on Friday, hitting $124.09. 10,431,271 shares of the stock were exchanged, compared to its average volume of 2,789,479. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The firm has a market cap of $70.67 billion, a price-to-earnings ratio of 36.28, a P/E/G ratio of 2.20 and a beta of 1.34. The firm has a 50 day simple moving average of $122.97 and a 200 day simple moving average of $113.18. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a $0.5275 dividend. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Friday, November 15th. Emerson Electric's payout ratio is presently 61.70%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Barclays upped their price objective on Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Royal Bank of Canada dropped their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Jefferies Financial Group started coverage on Emerson Electric in a research report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price target for the company. Wells Fargo & Company upped their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Finally, Oppenheimer lifted their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.58.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company's stock in a transaction 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 owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is owned by company insiders.

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.