Emerson Electric Co. (NYSE:EMR) Shares Sold by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 7.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,439 shares of the industrial products company’s stock after selling 3,960 shares during the period. Mizuho Markets Americas LLC’s holdings in Emerson Electric were worth $5,407,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in EMR. Capital Performance Advisors LLP acquired a new stake in Emerson Electric during the third quarter worth about $25,000. Transcendent Capital Group LLC purchased a new position in Emerson Electric in the first quarter valued at approximately $31,000. Meeder Asset Management Inc. lifted its position in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric during the third quarter worth approximately $33,000. Finally, Versant Capital Management Inc increased its position in shares of Emerson Electric by 471.9% in the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 269 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 transaction, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EMR. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer increased their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Barclays boosted their price target on Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Finally, BNP Paribas started coverage on shares of Emerson Electric in a research note on Wednesday. They issued an “outperform” rating and a $155.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $126.78 on Friday. The business has a 50 day simple moving average of $111.14 and a 200-day simple moving average of $109.98. Emerson Electric Co. has a twelve month low of $87.17 and a twelve month high of $131.56. The company has a market capitalization of $72.29 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 2.18 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.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Emerson Electric 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.