Vinva Investment Management Ltd bought a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,485 shares of the industrial products company's stock, valued at approximately $599,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Newport Trust Company LLC acquired a new stake in shares of Emerson Electric in the 2nd quarter valued at about $574,908,000. Pathway Financial Advisers LLC grew its stake in shares of Emerson Electric by 10,993.2% in the third 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 lifted its holdings in shares of Emerson Electric by 107.2% in the third 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 in the last quarter. Swedbank AB raised its holdings in Emerson Electric by 127.3% during the third 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 in the last quarter. Finally, Perpetual Ltd lifted its position in Emerson Electric by 57,336.1% in the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company's stock worth $131,918,000 after purchasing an additional 1,204,058 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction 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 transaction, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by insiders.
Emerson Electric Stock Up 0.0 %
Shares of NYSE:EMR traded up $0.01 during mid-day trading on Friday, hitting $132.60. 1,531,727 shares of the company traded hands, compared to its average volume of 3,297,555. The stock has a market cap of $75.61 billion, a P/E ratio of 38.77, a P/E/G ratio of 2.23 and a beta of 1.30. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $116.88 and a two-hundred day moving average price of $111.40. Emerson Electric Co. has a 12-month low of $87.59 and a 12-month high of $134.17.
Emerson Electric Increases Dividend
The company also recently announced 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 represents a $2.11 annualized dividend and a yield of 1.59%. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric's dividend payout ratio is currently 61.70%.
Wall Street Analysts Forecast Growth
EMR has been the topic of several research analyst reports. Stephens lowered Emerson Electric from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Royal Bank of Canada lowered their price objective on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. UBS Group initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price target on the stock. StockNews.com downgraded shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, BNP Paribas began coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an "outperform" rating and a $155.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus price target of $130.00.
Get Our Latest Stock Analysis on EMR
Emerson Electric Profile
(
Free Report)
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.
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