NFJ Investment Group LLC Invests $1.56 Million in Emerson Electric Co. (NYSE:EMR)

NFJ Investment Group LLC acquired a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,258 shares of the industrial products company's stock, valued at approximately $1,559,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Newport Trust Company LLC bought a new position in Emerson Electric during the 2nd quarter valued at about $574,908,000. Legal & General Group Plc grew its stake in shares of Emerson Electric by 5.2% during the second quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company's stock valued at $496,877,000 after buying an additional 224,784 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Emerson Electric by 107.2% in 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 buying an additional 2,016,075 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Emerson Electric by 3.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,523,394 shares of the industrial products company's stock valued at $385,354,000 after acquiring an additional 132,186 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Emerson Electric by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,287,326 shares of the industrial products company's stock valued at $359,535,000 after acquiring an additional 23,739 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EMR. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Royal Bank of Canada dropped their target price on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Oppenheimer lifted their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, September 26th. Wells Fargo & Company increased their price objective on Emerson Electric from $128.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. Finally, KeyCorp lifted their target price on Emerson Electric from $125.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.17.

Emerson Electric Stock Down 0.9 %

EMR traded down $1.17 during trading on Thursday, hitting $133.16. The stock had a trading volume of 2,377,869 shares, compared to its average volume of 2,746,792. The stock has a 50 day simple moving average of $119.07 and a two-hundred day simple moving average of $111.98. 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 Co. has a twelve month low of $87.59 and a twelve month high of $134.85. The company has a market capitalization of $75.84 billion, a PE ratio of 38.94, a PEG ratio of 2.24 and a beta of 1.34.

Emerson Electric Increases Dividend

The firm also recently announced 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. This represents a $2.11 annualized dividend and a yield of 1.58%. 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 payout ratio is 61.70%.

Insider Activity at Emerson Electric

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 shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is currently owned by corporate 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.