Swiss National Bank Purchases 5,500 Shares of Emerson Electric Co. (NYSE:EMR)

Swiss National Bank boosted its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,698,100 shares of the industrial products company's stock after purchasing an additional 5,500 shares during the period. Swiss National Bank owned 0.30% of Emerson Electric worth $185,721,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EMR. Newport Trust Company LLC purchased a new position in Emerson Electric during the 2nd quarter worth approximately $574,908,000. Pathway Financial Advisers LLC grew its position in Emerson Electric by 10,993.2% during 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 in the last quarter. Van ECK Associates Corp grew its position 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 worth $422,852,000 after purchasing an additional 2,016,075 shares in the last quarter. Swedbank AB boosted its stake 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 during the period. Finally, Perpetual Ltd boosted its stake in shares of Emerson Electric by 57,336.1% during the 3rd quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company's stock valued at $131,918,000 after buying an additional 1,204,058 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

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 7.58 % 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. Insiders own 0.25% of the company's stock.

Emerson Electric Price Performance

Shares of EMR stock traded up $2.42 during trading hours on Monday, reaching $129.20. 3,399,138 shares of the company were exchanged, compared to its average volume of 2,744,603. Emerson Electric Co. has a fifty-two week low of $87.55 and a fifty-two week high of $131.56. The stock's fifty day moving average is $111.14 and its two-hundred day moving average is $110.00. The company has a market cap of $73.67 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 2.13 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 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 issued a $0.5275 dividend. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric's dividend payout ratio is currently 61.40%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. 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 note on Wednesday, November 6th. StockNews.com raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. lowered shares of Emerson Electric from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. KeyCorp lifted their price objective on shares of Emerson Electric from $125.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Finally, Barclays lifted their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $130.00.

Emerson Electric Company 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.