Emerson Electric Co. (NYSE:EMR) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP raised its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,552,544 shares of the industrial products company's stock after acquiring an additional 581,102 shares during the quarter. Wellington Management Group LLP owned approximately 2.55% of Emerson Electric worth $1,591,612,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in Emerson Electric by 55.0% during the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company's stock worth $931,000 after purchasing an additional 3,060 shares in the last quarter. Bank of Montreal Can raised its stake in Emerson Electric by 17.0% during the 2nd quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company's stock worth $152,359,000 after acquiring an additional 194,944 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in Emerson Electric by 8.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company's stock valued at $7,578,000 after acquiring an additional 5,416 shares during the last quarter. Larson Financial Group LLC boosted its stake in Emerson Electric by 130.0% in the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company's stock valued at $1,044,000 after acquiring an additional 5,393 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in shares of Emerson Electric by 82.0% during the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company's stock worth $435,000 after purchasing an additional 1,792 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Price Performance

Shares of NYSE:EMR traded down $2.17 on Friday, hitting $130.98. The company had a trading volume of 2,628,060 shares, compared to its average volume of 2,825,938. The company has a market cap of $74.60 billion, a PE ratio of 38.30, a PEG ratio of 2.26 and a beta of 1.34. The business has a 50 day moving average of $119.07 and a 200 day moving average of $111.98. Emerson Electric Co. has a 52-week low of $87.71 and a 52-week high of $134.85. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a $0.5275 dividend. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.61%. The ex-dividend date is Friday, November 15th. Emerson Electric's payout ratio is presently 61.70%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EMR shares. Wells Fargo & Company upped their target price on Emerson Electric from $128.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Oppenheimer raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. cut shares of Emerson Electric from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. StockNews.com lowered shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Saturday, November 30th. Finally, UBS Group started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a "neutral" rating and a $135.00 target price for the company. One investment 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $132.17.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.25% of the stock is currently owned by insiders.

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.