Emerson Electric Co. (NYSE:EMR) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 11.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 34,504 shares of the industrial products company's stock after selling 4,285 shares during the period. Prime Capital Investment Advisors LLC's holdings in Emerson Electric were worth $3,774,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EMR. Newport Trust Company LLC bought a new position in Emerson Electric in the second quarter valued at about $574,908,000. Pathway Financial Advisers LLC raised its holdings in Emerson Electric by 10,993.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company's stock worth $226,443,000 after purchasing an additional 2,051,764 shares during the period. Van ECK Associates Corp grew its holdings in Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the period. Swedbank AB lifted its position in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock valued at $278,285,000 after buying an additional 1,424,800 shares in the last quarter. Finally, Perpetual Ltd lifted its holdings in Emerson Electric by 57,336.1% during the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company's stock valued at $131,918,000 after purchasing an additional 1,204,058 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Down 0.9 %

Emerson Electric stock traded down $1.16 during midday trading on Thursday, reaching $129.00. The company's stock had a trading volume of 2,683,714 shares, compared to its average volume of 2,736,136. The stock has a market capitalization of $73.88 billion, a P/E ratio of 38.06, a PEG ratio of 2.16 and a beta of 1.30. 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 $87.17 and a 52-week high of $131.56. The stock's 50-day simple moving average is $109.98 and its 200-day simple moving average is $109.71.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.64%. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric's payout ratio is presently 61.40%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EMR. Morgan Stanley began coverage on Emerson Electric in a report on Friday, September 6th. They issued an "underweight" rating and a $105.00 price target on the stock. UBS Group began coverage on shares of Emerson Electric in a research note on Wednesday. They issued a "neutral" rating and a $135.00 price target on the stock. Robert W. Baird lifted their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price target on Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, Barclays increased their target price on Emerson Electric from $103.00 to $116.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $130.00.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the 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 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.25% of the company's stock.

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.