PNC Financial Services Group Inc. Has $200.85 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

PNC Financial Services Group Inc. trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,836,420 shares of the industrial products company's stock after selling 39,030 shares during the quarter. PNC Financial Services Group Inc. owned about 0.32% of Emerson Electric worth $200,849,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Thrive Wealth Management LLC lifted its holdings in Emerson Electric by 4.1% in the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company's stock worth $255,000 after purchasing an additional 91 shares during 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 during the period. Sabal Trust CO grew its stake in Emerson Electric by 2.2% in the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company's stock valued at $475,000 after buying an additional 93 shares during the last quarter. Catalyst Financial Partners LLC raised its holdings in Emerson Electric by 3.7% in the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company's stock worth $287,000 after acquiring an additional 94 shares during the period. Finally, Unison Advisors LLC boosted its holdings in Emerson Electric by 0.5% during the second quarter. Unison Advisors LLC now owns 21,016 shares of the industrial products company's stock valued at $2,315,000 after acquiring an additional 96 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

NYSE:EMR traded up $0.40 on Tuesday, reaching $129.56. The stock had a trading volume of 2,729,127 shares, compared to its average volume of 2,744,534. The company has a market capitalization of $73.88 billion, a P/E ratio of 37.81, a price-to-earnings-growth ratio of 2.13 and a beta of 1.30. The stock has a fifty day moving average price of $111.73 and a 200-day moving average price of $110.16. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 1-year low of $87.55 and a 1-year high of $131.56.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.63%. This is a boost 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 61.70%.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric 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 value of $2,711,289.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. StockNews.com upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upped their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. KeyCorp raised their price objective on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. BNP Paribas assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price target for the company. Finally, Robert W. Baird boosted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently 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.