BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $14.44 Million Stake in Emerson Electric Co. (NYSE:EMR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 78.6% in the third quarter, HoldingsChannel.com reports. The fund owned 131,988 shares of the industrial products company’s stock after selling 485,878 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Emerson Electric were worth $14,436,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Thrive Wealth Management LLC raised its holdings in shares of Emerson Electric by 4.1% during the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after buying an additional 91 shares in the last quarter. LCM Capital Management Inc boosted its stake in shares of Emerson Electric by 1.4% in the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock valued at $748,000 after purchasing an additional 91 shares in the last quarter. Sabal Trust CO grew its holdings in shares of Emerson Electric by 2.2% during the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock valued at $475,000 after purchasing an additional 93 shares during the last quarter. Catalyst Financial Partners LLC lifted its stake in Emerson Electric by 3.7% in the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 94 shares during the last quarter. Finally, Unison Advisors LLC boosted its position in Emerson Electric by 0.5% in the second quarter. Unison Advisors LLC now owns 21,016 shares of the industrial products company’s stock valued at $2,315,000 after buying an additional 96 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the 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 transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Stock Performance

NYSE:EMR opened at $130.07 on Friday. The firm has a market capitalization of $74.17 billion, a P/E ratio of 38.03, a P/E/G ratio of 2.15 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $87.55 and a twelve month high of $131.56. The company has a fifty day moving average of $114.02 and a 200-day moving average of $110.77. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

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 given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is 61.70%.

Analyst Ratings Changes

Several brokerages have recently issued reports on EMR. UBS Group assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target for the company. Robert W. Baird lifted their price target on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Morgan Stanley assumed coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. Finally, Oppenheimer raised their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.00.

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.