Oppenheimer & Co. Inc. Sells 21,338 Shares of Emerson Electric Co. (NYSE:EMR)

Oppenheimer & Co. Inc. lessened its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 17.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 98,925 shares of the industrial products company's stock after selling 21,338 shares during the period. Oppenheimer & Co. Inc.'s holdings in Emerson Electric were worth $10,819,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Thrive Wealth Management LLC boosted its holdings in shares of Emerson Electric by 4.1% during the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company's stock worth $255,000 after buying an additional 91 shares in the last quarter. LCM Capital Management Inc boosted its holdings in shares of Emerson Electric by 1.4% during the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company's stock worth $748,000 after buying an additional 91 shares in the last quarter. Sabal Trust CO boosted its holdings in shares of Emerson Electric by 2.2% during the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company's stock worth $475,000 after buying an additional 93 shares in the last quarter. Catalyst Financial Partners LLC boosted its holdings in shares of Emerson Electric by 3.7% during the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company's stock worth $287,000 after buying an additional 94 shares in the last quarter. Finally, Unison Advisors LLC lifted its holdings in shares of Emerson Electric by 0.5% in the 2nd quarter. Unison Advisors LLC now owns 21,016 shares of the industrial products company's stock worth $2,315,000 after purchasing an additional 96 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Down 0.9 %

Emerson Electric stock traded down $1.11 during trading hours on Thursday, reaching $129.05. The company had a trading volume of 3,694,167 shares, compared to its average volume of 2,741,967. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The company has a 50-day moving average price of $109.98 and a 200 day moving average price of $109.71. The firm has a market cap of $73.91 billion, a price-to-earnings ratio of 38.06, a P/E/G ratio of 2.16 and a beta of 1.30. Emerson Electric Co. has a 12-month low of $87.17 and a 12-month high of $131.56.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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 annualized dividend and a dividend yield of 1.64%. Emerson Electric's payout ratio is 61.40%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. UBS Group assumed coverage on Emerson Electric in a research report on Wednesday. They issued a "neutral" rating and a $135.00 price target for the company. Royal Bank of Canada decreased their target price on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Stephens lowered Emerson Electric from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Oppenheimer raised their target price on Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. Finally, JPMorgan Chase & Co. lowered Emerson Electric from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and an average target price of $130.00.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business's stock in a transaction 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 sale, the senior vice president now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.25% of the company's stock.

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.