First Commonwealth Financial Corp PA Purchases 125 Shares of Emerson Electric Co. (NYSE:EMR)

First Commonwealth Financial Corp PA lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,008 shares of the industrial products company’s stock after buying an additional 125 shares during the quarter. First Commonwealth Financial Corp PA’s holdings in Emerson Electric were worth $766,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Newport Trust Company LLC acquired a new stake in shares of Emerson Electric during the second quarter worth $574,908,000. Legal & General Group Plc raised its position in shares of Emerson Electric by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock valued at $496,877,000 after acquiring an additional 224,784 shares during the period. Van ECK Associates Corp grew its holdings in Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Emerson Electric by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,287,326 shares of the industrial products company’s stock valued at $359,535,000 after purchasing an additional 23,739 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Emerson Electric by 3.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,738,701 shares of the industrial products company’s stock worth $297,653,000 after purchasing an additional 88,294 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

Emerson Electric stock traded up $0.52 during midday trading on Wednesday, hitting $133.52. The company’s stock had a trading volume of 80,900 shares, compared to its average volume of 2,743,876. Emerson Electric Co. has a 1-year low of $87.55 and a 1-year high of $134.17. The company has a 50-day moving average price of $115.21 and a two-hundred day moving average price of $111.00. The company has a market cap of $76.13 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.23 and a beta of 1.30. 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 Increases Dividend

The business also recently announced 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 1.58%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction that occurred 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 approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on EMR shares. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Wells Fargo & Company lifted their price target on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada decreased their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, UBS Group began coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $130.00.

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.