Quantbot Technologies LP bought a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 54,112 shares of the industrial products company's stock, valued at approximately $5,918,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in Emerson Electric by 55.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company's stock worth $931,000 after buying an additional 3,060 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Emerson Electric by 17.0% in the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company's stock worth $152,359,000 after purchasing an additional 194,944 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of Emerson Electric by 8.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company's stock valued at $7,578,000 after purchasing an additional 5,416 shares during the period. V Square Quantitative Management LLC raised its stake in shares of Emerson Electric by 82.0% during the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company's stock valued at $435,000 after purchasing an additional 1,792 shares in the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new stake in Emerson Electric in the third quarter worth about $443,000. Institutional investors own 74.30% of the company's stock.
Emerson Electric Stock Down 0.7 %
Shares of Emerson Electric stock traded down $0.87 during midday trading on Wednesday, hitting $132.13. The company's stock had a trading volume of 449,022 shares, compared to its average volume of 2,745,469. The firm has a market capitalization of $75.34 billion, a P/E ratio of 38.89, a PEG ratio of 2.23 and a beta of 1.30. Emerson Electric Co. has a 1-year low of $87.55 and a 1-year high of $134.17. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The stock has a 50-day simple moving average of $115.21 and a 200-day simple moving average of $111.00.
Emerson Electric Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.60%. This is a positive change 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 is 61.70%.
Insider Buying and Selling
In other news, SVP Michael H. Train sold 21,525 shares of the company's stock in a transaction on 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 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 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. 0.25% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research firms have commented on EMR. BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an "outperform" rating and a $155.00 price target on the stock. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, November 22nd. JPMorgan Chase & Co. cut Emerson Electric from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Wells Fargo & Company upped their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Finally, UBS Group started coverage on Emerson Electric in a report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $130.00.
Read Our Latest Research Report on EMR
Emerson Electric Profile
(
Free Report)
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.
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