Stifel Financial Corp Has $483.10 Million Stake in Emerson Electric Co. (NYSE:EMR)

Stifel Financial Corp reduced its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,417,049 shares of the industrial products company's stock after selling 44,604 shares during the quarter. Stifel Financial Corp owned 0.77% of Emerson Electric worth $483,097,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Newport Trust Company LLC acquired a new position in shares of Emerson Electric in the second quarter worth about $574,908,000. Legal & General Group Plc boosted its stake in Emerson Electric by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company's stock worth $496,877,000 after purchasing an additional 224,784 shares during the period. Van ECK Associates Corp raised its stake in Emerson Electric by 107.2% during the 3rd 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Emerson Electric by 3.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,523,394 shares of the industrial products company's stock valued at $385,354,000 after purchasing an additional 132,186 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Emerson Electric by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,287,326 shares of the industrial products company's stock worth $359,535,000 after buying an additional 23,739 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Loop Capital increased their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday. Robert W. Baird increased their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Royal Bank of Canada decreased their target price on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. BNP Paribas began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an "outperform" rating and a $155.00 target price on the stock. Finally, StockNews.com downgraded Emerson Electric from a "buy" rating to a "hold" rating in a research note on Saturday, November 30th. 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $132.17.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction 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 trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is currently owned by insiders.

Emerson Electric Stock Performance

Shares of EMR traded down $1.18 on Thursday, reaching $133.15. 2,161,046 shares of the stock traded hands, compared to its average volume of 2,745,870. The firm has a market cap of $75.83 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 2.24 and a beta of 1.34. Emerson Electric Co. has a 12 month low of $87.59 and a 12 month high of $134.85. The stock's 50-day moving average price is $118.59 and its 200-day moving average price is $111.83. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric's payout ratio 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.