Pacer Advisors Inc. Sells 6,905 Shares of Emerson Electric Co. (NYSE:EMR)

Pacer Advisors Inc. reduced its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 12.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,652 shares of the industrial products company's stock after selling 6,905 shares during the quarter. Pacer Advisors Inc.'s holdings in Emerson Electric were worth $5,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in shares of Emerson Electric by 43.5% during the 2nd quarter. AQR Capital Management LLC now owns 47,192 shares of the industrial products company's stock valued at $5,174,000 after buying an additional 14,301 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Emerson Electric by 200.9% in the second quarter. EP Wealth Advisors LLC now owns 20,983 shares of the industrial products company's stock worth $2,312,000 after acquiring an additional 14,009 shares during the period. Truist Financial Corp raised its stake in shares of Emerson Electric by 9.5% during the 2nd quarter. Truist Financial Corp now owns 977,435 shares of the industrial products company's stock valued at $107,674,000 after purchasing an additional 85,083 shares during the period. Cetera Investment Advisers lifted its holdings in Emerson Electric by 17.6% during the 2nd quarter. Cetera Investment Advisers now owns 229,476 shares of the industrial products company's stock worth $25,279,000 after purchasing an additional 34,381 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Emerson Electric during the 2nd quarter valued at about $22,146,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

EMR has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered their price target on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Stephens cut Emerson Electric from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Barclays raised their price target on Emerson Electric from $116.00 to $135.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $136.45.

Emerson Electric Trading Up 1.2 %

Emerson Electric stock traded up $1.56 during trading hours on Thursday, reaching $130.41. The stock had a trading volume of 2,437,220 shares, compared to its average volume of 2,903,544. The stock has a market cap of $74.27 billion, a PE ratio of 38.13, a PEG ratio of 2.22 and a beta of 1.35. The company has a fifty day simple moving average of $127.10 and a 200-day simple moving average of $116.28. 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 52 week low of $91.64 and a 52 week high of $134.85.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.62%. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio (DPR) is 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.