BNP Paribas Acquires 8,020 Shares of Emerson Electric Co. (NYSE:EMR)

BNP Paribas raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 8,020.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,120 shares of the industrial products company’s stock after purchasing an additional 8,020 shares during the quarter. BNP Paribas’ holdings in Emerson Electric were worth $890,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new stake in shares of Emerson Electric during the first quarter worth about $55,000. Virtu Financial LLC acquired a new position in shares of Emerson Electric during the first quarter valued at about $968,000. Atria Investments Inc increased its holdings in shares of Emerson Electric by 48.5% during the first quarter. Atria Investments Inc now owns 50,626 shares of the industrial products company’s stock valued at $5,741,000 after acquiring an additional 16,525 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Emerson Electric by 446.5% during the first quarter. Cetera Investment Advisers now owns 195,095 shares of the industrial products company’s stock valued at $22,128,000 after acquiring an additional 159,395 shares in the last quarter. Finally, Cetera Advisors LLC increased its holdings in shares of Emerson Electric by 24.6% during the first quarter. Cetera Advisors LLC now owns 68,057 shares of the industrial products company’s stock valued at $7,719,000 after acquiring an additional 13,434 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

NYSE EMR opened at $132.62 on Thursday. The company has a market cap of $75.62 billion, a P/E ratio of 38.78, a P/E/G 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. The stock has a 50-day moving average of $115.79 and a two-hundred day moving average of $111.15. Emerson Electric Co. has a 1-year low of $87.55 and a 1-year high of $134.17.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders 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 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s payout ratio is currently 61.70%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded 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 report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada cut their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Barclays increased their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Finally, Robert W. Baird increased their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $130.00.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated 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 of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.25% of the stock is currently owned by corporate insiders.

Emerson Electric Company 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.