Natixis Advisors LLC Acquires 17,372 Shares of Emerson Electric Co. (NYSE:EMR)

Natixis Advisors LLC raised its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 5.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 331,966 shares of the industrial products company's stock after acquiring an additional 17,372 shares during the period. Natixis Advisors LLC owned about 0.06% of Emerson Electric worth $36,307,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EMR. Newport Trust Company LLC bought a new stake in Emerson Electric in the second quarter valued at $574,908,000. Pathway Financial Advisers LLC grew its holdings in shares of Emerson Electric by 10,993.2% during the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company's stock worth $226,443,000 after purchasing an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Emerson Electric by 107.2% during the third 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. Swedbank AB grew its holdings in shares of Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Finally, Perpetual Ltd grew its holdings in shares of Emerson Electric by 57,336.1% during the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company's stock worth $131,918,000 after purchasing an additional 1,204,058 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Up 1.9 %

Shares of NYSE:EMR traded up $2.42 during mid-day trading on Monday, reaching $129.20. 3,399,138 shares of the stock were exchanged, compared to its average volume of 2,744,603. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The company has a market cap of $73.67 billion, a P/E ratio of 37.07, a P/E/G ratio of 2.13 and a beta of 1.30. Emerson Electric Co. has a one year low of $87.55 and a one year high of $131.56. The stock's 50 day simple moving average is $111.14 and its 200-day simple moving average is $110.00.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.63%. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric's dividend payout ratio (DPR) is currently 61.40%.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm'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 value of $2,711,289.00. Following the completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.25% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on EMR shares. Barclays increased their target price on Emerson Electric from $103.00 to $116.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 6th. KeyCorp raised their price target on Emerson Electric from $125.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Royal Bank of Canada decreased their price target on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Morgan Stanley assumed coverage on Emerson Electric in a report on Friday, September 6th. They issued an "underweight" rating and a $105.00 price target on the stock. Finally, StockNews.com upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Thursday. One 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's stock. According to data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and a consensus price target of $130.00.

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.