Emerson Electric Co. (NYSE:EMR) Holdings Decreased by Two Sigma Advisers LP

Two Sigma Advisers LP trimmed its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 27.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,300 shares of the industrial products company's stock after selling 80,800 shares during the quarter. Two Sigma Advisers LP's holdings in Emerson Electric were worth $23,001,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in Emerson Electric during the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric during the 3rd quarter worth approximately $29,000. Frazier Financial Advisors LLC purchased a new stake in Emerson Electric during the 3rd quarter worth approximately $33,000. Meeder Asset Management Inc. increased its holdings in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock worth $33,000 after purchasing an additional 235 shares during the last quarter. Finally, Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric during the 3rd quarter worth approximately $33,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Emerson Electric

In other 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 transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.25% of the stock is owned by insiders.

Emerson Electric Price Performance

Shares of EMR traded down $2.17 during midday trading on Friday, reaching $130.98. The stock had a trading volume of 2,628,060 shares, compared to its average volume of 2,825,938. The firm's 50 day moving average price is $119.51 and its 200-day moving average price is $112.08. The company has a market capitalization of $74.60 billion, a P/E ratio of 38.30, a P/E/G ratio of 2.26 and a beta of 1.34. 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 Co. has a 52 week low of $87.71 and a 52 week high of $134.85.

Emerson Electric Increases Dividend

The business 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. The ex-dividend date is Friday, November 15th. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.61%. Emerson Electric's payout ratio is 61.70%.

Analysts Set New Price Targets

EMR has been the subject of several research reports. Morgan Stanley initiated coverage on Emerson Electric in a research report on Friday, September 6th. They issued an "underweight" rating and a $105.00 target price for the company. Stephens lowered Emerson Electric from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. KeyCorp boosted their price objective on Emerson Electric from $125.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Barclays boosted their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, Robert W. Baird boosted their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and an average target price of $132.17.

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.