Prime Capital Investment Advisors LLC Reduces Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Prime Capital Investment Advisors LLC cut its position in Emerson Electric Co. (NYSE:EMR) by 11.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 34,504 shares of the industrial products company’s stock after selling 4,285 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Emerson Electric were worth $3,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in EMR. Kingsview Wealth Management LLC raised its holdings in Emerson Electric by 11.9% during the 1st quarter. Kingsview Wealth Management LLC now owns 69,615 shares of the industrial products company’s stock valued at $7,896,000 after acquiring an additional 7,418 shares during the period. Blair William & Co. IL raised its stake in shares of Emerson Electric by 16.6% during the 1st quarter. Blair William & Co. IL now owns 461,895 shares of the industrial products company’s stock valued at $52,388,000 after purchasing an additional 65,905 shares during the period. Dorsey & Whitney Trust CO LLC lifted its holdings in Emerson Electric by 1.6% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 18,028 shares of the industrial products company’s stock worth $2,045,000 after purchasing an additional 292 shares in the last quarter. TCTC Holdings LLC boosted its stake in Emerson Electric by 0.3% in the 1st quarter. TCTC Holdings LLC now owns 110,887 shares of the industrial products company’s stock worth $12,577,000 after purchasing an additional 348 shares during the period. Finally, Tocqueville Asset Management L.P. increased its position in shares of Emerson Electric by 9.8% during the first quarter. Tocqueville Asset Management L.P. now owns 276,988 shares of the industrial products company’s stock valued at $31,416,000 after buying an additional 24,835 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 in the company, valued at approximately $33,052,911.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Price Performance

EMR stock opened at $130.16 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The firm has a market cap of $74.54 billion, a P/E ratio of 38.06, a P/E/G ratio of 2.16 and a beta of 1.30. The firm’s fifty day moving average is $109.40 and its 200 day moving average is $109.56. Emerson Electric Co. has a 52 week low of $87.17 and a 52 week high of $131.56.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is currently 61.40%.

Analyst Ratings Changes

A number of equities analysts have recently commented on EMR shares. BNP Paribas began coverage on shares of Emerson Electric in a research report on Wednesday. They issued an “outperform” rating and a $155.00 price objective for the company. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Robert W. Baird upped their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. Finally, Barclays raised 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. 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 company. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target 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.