Quantinno Capital Management LP Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

Quantinno Capital Management LP boosted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 101.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,808 shares of the industrial products company's stock after purchasing an additional 28,136 shares during the period. Quantinno Capital Management LP's holdings in Emerson Electric were worth $6,104,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. CWM LLC increased its stake in Emerson Electric by 5.6% in the 2nd quarter. CWM LLC now owns 16,610 shares of the industrial products company's stock worth $1,830,000 after buying an additional 885 shares during the period. Opal Wealth Advisors LLC acquired a new stake in Emerson Electric in the 2nd quarter valued at $73,000. Thrive Wealth Management LLC boosted its stake in 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 purchasing an additional 91 shares during the last quarter. Unison Advisors LLC boosted its holdings in shares of Emerson Electric by 0.5% during 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 during the last quarter. Finally, Czech National Bank raised its stake in Emerson Electric by 8.4% during the second quarter. Czech National Bank now owns 109,019 shares of the industrial products company's stock worth $12,010,000 after purchasing an additional 8,406 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

EMR has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered shares of Emerson Electric from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. KeyCorp increased their price objective on Emerson Electric from $125.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Royal Bank of Canada decreased their price objective on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Oppenheimer raised their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $132.17.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the company'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 directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.25% of the company's stock.

Emerson Electric Price Performance

NYSE EMR traded down $2.17 on Friday, hitting $130.98. The stock had a trading volume of 2,628,060 shares, compared to its average volume of 2,825,938. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The firm has a 50-day moving average of $119.51 and a 200-day moving average of $112.08. The company has a market capitalization of $74.60 billion, a price-to-earnings ratio of 38.30, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34. Emerson Electric Co. has a 52-week low of $87.71 and a 52-week high of $134.85.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.61%. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's payout ratio is presently 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.