Sumitomo Mitsui Trust Group Inc. Purchases 10,113 Shares of Emerson Electric Co. (NYSE:EMR)

Sumitomo Mitsui Trust Group Inc. boosted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 0.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,434,304 shares of the industrial products company's stock after buying an additional 10,113 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Emerson Electric worth $156,870,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in Emerson Electric during the third quarter worth $25,000. Transcendent Capital Group LLC purchased a new position in Emerson Electric in the 1st quarter worth $31,000. Meeder Asset Management Inc. boosted its stake in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 235 shares during the period. Morton Brown Family Wealth LLC purchased a new position in Emerson Electric during the 3rd quarter valued at about $33,000. Finally, Versant Capital Management Inc increased its position in shares of Emerson Electric by 471.9% during the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company's stock valued at $36,000 after buying an additional 269 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Up 1.4 %

EMR traded up $1.76 during midday trading on Wednesday, hitting $130.16. 3,123,285 shares of the company's stock traded hands, compared to its average volume of 2,737,643. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The company has a market cap of $74.54 billion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 2.16 and a beta of 1.30. Emerson Electric Co. has a one year low of $87.17 and a one year high of $131.56. The stock's fifty day simple moving average is $109.40 and its 200-day simple moving average is $109.56.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a $0.5275 dividend. 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. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. Emerson Electric's dividend payout ratio is presently 61.40%.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company's stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EMR. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. UBS Group began coverage on shares of Emerson Electric in a research report on Wednesday. They set a "neutral" rating and a $135.00 target price for the company. Barclays boosted their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 6th. Morgan Stanley initiated coverage on Emerson Electric in a report on Friday, September 6th. They set an "underweight" rating and a $105.00 price objective for the company. Finally, JPMorgan Chase & Co. cut shares of Emerson Electric from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus price target of $130.00.

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.