Emerson Electric Co. (NYSE:EMR) Shares Purchased by DRW Securities LLC

DRW Securities LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 195.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,272 shares of the industrial products company’s stock after acquiring an additional 4,152 shares during the period. DRW Securities LLC’s holdings in Emerson Electric were worth $686,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC increased its position in shares of Emerson Electric by 418.8% during the first quarter. Beacon Capital Management LLC now owns 607 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 490 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its stake in Emerson Electric by 3.8% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 4,528 shares of the industrial products company’s stock worth $514,000 after purchasing an additional 164 shares during the last quarter. iA Global Asset Management Inc. purchased a new stake in shares of Emerson Electric during the first quarter worth $10,005,000. Plato Investment Management Ltd raised its position in shares of Emerson Electric by 1,544.2% in the first quarter. Plato Investment Management Ltd now owns 11,707 shares of the industrial products company’s stock valued at $1,328,000 after buying an additional 10,995 shares during the last quarter. Finally, New Covenant Trust Company N.A. purchased a new position in shares of Emerson Electric in the first quarter worth about $55,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EMR. Royal Bank of Canada cut their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Barclays increased their price target on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, November 22nd. Morgan Stanley initiated coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Emerson Electric Trading Up 0.2 %

EMR opened at $133.01 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm has a market cap of $75.84 billion, a P/E ratio of 38.89, a P/E/G ratio of 2.18 and a beta of 1.30. Emerson Electric Co. has a 52 week low of $87.55 and a 52 week high of $134.17. The business has a fifty day simple moving average of $115.21 and a 200-day simple moving average of $111.00.

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 given a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, November 15th. Emerson Electric’s payout ratio is currently 61.70%.

Insider Transactions at Emerson Electric

In related 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 transaction of $2,711,289.00. Following the sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

About Emerson Electric

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.