Emerson Electric Co. (NYSE:EMR) Shares Bought by Raymond James Trust N.A.

Raymond James Trust N.A. lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,548 shares of the industrial products company’s stock after purchasing an additional 287 shares during the period. Raymond James Trust N.A.’s holdings in Emerson Electric were worth $4,653,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. CreativeOne Wealth LLC acquired a new position in Emerson Electric in the first quarter valued at $605,000. 1832 Asset Management L.P. raised its stake in Emerson Electric by 311.3% during the 1st quarter. 1832 Asset Management L.P. now owns 239,626 shares of the industrial products company’s stock valued at $27,178,000 after acquiring an additional 181,371 shares during the last quarter. Kestra Advisory Services LLC lifted its position in Emerson Electric by 9.9% during the 1st quarter. Kestra Advisory Services LLC now owns 187,615 shares of the industrial products company’s stock worth $21,279,000 after acquiring an additional 16,839 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Emerson Electric by 15.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,106,633 shares of the industrial products company’s stock valued at $125,515,000 after purchasing an additional 149,446 shares during the last quarter. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Emerson Electric during the first quarter worth approximately $31,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 1.4 %

Shares of NYSE EMR opened at $130.07 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The firm’s 50-day moving average is $114.02 and its two-hundred day moving average is $110.74. Emerson Electric Co. has a 12-month low of $87.55 and a 12-month high of $131.56. The company has a market capitalization of $74.17 billion, a PE ratio of 38.03, a price-to-earnings-growth ratio of 2.17 and a beta of 1.30.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.62%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Robert W. Baird boosted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. UBS Group started coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. Finally, JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. One 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 company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.00.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was 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 owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is currently owned by insiders.

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.