Neo Ivy Capital Management Has $256,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Neo Ivy Capital Management reduced its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 93.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,342 shares of the industrial products company's stock after selling 31,226 shares during the quarter. Neo Ivy Capital Management's holdings in Emerson Electric were worth $256,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Coldstream Capital Management Inc. increased its position in Emerson Electric by 5.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 15,560 shares of the industrial products company's stock worth $1,718,000 after buying an additional 835 shares during the period. Geode Capital Management LLC grew its stake in shares of Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock worth $1,247,570,000 after acquiring an additional 162,985 shares during the last quarter. MidWestOne Financial Group Inc. increased its position in Emerson Electric by 11.1% during the third quarter. MidWestOne Financial Group Inc. now owns 13,276 shares of the industrial products company's stock worth $1,452,000 after acquiring an additional 1,323 shares during the period. Executive Wealth Management LLC acquired a new position in Emerson Electric during the 3rd quarter valued at $7,197,000. Finally, Peloton Wealth Strategists boosted its holdings in Emerson Electric by 11.7% in the 3rd quarter. Peloton Wealth Strategists now owns 35,330 shares of the industrial products company's stock valued at $3,864,000 after purchasing an additional 3,690 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on EMR. Stephens downgraded shares of Emerson Electric from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. BNP Paribas initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price target for the company. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Sunday. Morgan Stanley began coverage on Emerson Electric in a research report on Friday, September 6th. They issued an "underweight" rating and a $105.00 target price for the company. Finally, Robert W. Baird boosted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $134.58.

Insider Activity

In other 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 transaction, the senior vice president now owns 262,408 shares of the company's stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.25% of the stock is owned by insiders.

Emerson Electric Price Performance

Shares of NYSE:EMR traded up $0.29 during midday trading on Thursday, reaching $131.16. The company's stock had a trading volume of 2,299,042 shares, compared to its average volume of 2,743,489. The business's fifty day simple moving average is $120.74 and its 200-day simple moving average is $112.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a fifty-two week low of $90.66 and a fifty-two week high of $134.85. The company has a market capitalization of $74.70 billion, a P/E ratio of 38.27, a P/E/G ratio of 2.20 and a beta of 1.34.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is an increase 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 1.61%. Emerson Electric's payout ratio is currently 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.