Mizuho Securities USA LLC Has $4.06 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Mizuho Securities USA LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 15.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,137 shares of the industrial products company’s stock after selling 6,971 shares during the period. Mizuho Securities USA LLC’s holdings in Emerson Electric were worth $4,062,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EMR. Newport Trust Company LLC bought a new stake in Emerson Electric during the second quarter valued at about $574,908,000. Legal & General Group Plc grew its holdings in shares of Emerson Electric by 5.2% during the second quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock worth $496,877,000 after purchasing an additional 224,784 shares during the last quarter. Van ECK Associates Corp raised its stake 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 worth $422,852,000 after acquiring an additional 2,016,075 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Emerson Electric by 3.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,738,701 shares of the industrial products company’s stock worth $297,653,000 after buying an additional 88,294 shares in the last quarter. Finally, Swedbank AB grew its position in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after buying an additional 1,424,800 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $128.38 on Friday. The firm has a fifty day moving average price of $113.46 and a 200-day moving average price of $110.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a 1 year low of $87.55 and a 1 year high of $131.56. The stock has a market cap of $73.20 billion, a PE ratio of 37.54, a price-to-earnings-growth ratio of 2.17 and a beta of 1.30.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.64%. 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 presently 61.70%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. KeyCorp upped their target price on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Barclays boosted their price target on Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley started coverage on shares of Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business’s 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

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.