Emerson Electric Co. (NYSE:EMR) Shares Sold by Insight Inv LLC

Insight Inv LLC trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,630 shares of the industrial products company’s stock after selling 110 shares during the period. Insight Inv LLC’s holdings in Emerson Electric were worth $1,709,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its position in shares of Emerson Electric by 14.3% in the second quarter. Sequoia Financial Advisors LLC now owns 17,038 shares of the industrial products company’s stock worth $1,877,000 after buying an additional 2,138 shares during the period. Wedmont Private Capital grew its stake in Emerson Electric by 11.3% during the 2nd quarter. Wedmont Private Capital now owns 4,851 shares of the industrial products company’s stock valued at $556,000 after acquiring an additional 494 shares in the last quarter. M&G Plc acquired a new position in shares of Emerson Electric in the 2nd quarter valued at about $3,242,000. Maia Wealth LLC acquired a new stake in shares of Emerson Electric during the second quarter worth approximately $331,000. Finally, Great Valley Advisor Group Inc. grew its position in Emerson Electric by 11.6% during the second quarter. Great Valley Advisor Group Inc. now owns 18,834 shares of the industrial products company’s stock valued at $2,075,000 after purchasing an additional 1,960 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

NYSE EMR opened at $130.43 on Tuesday. The firm has a market cap of $74.28 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 2.20 and a beta of 1.34. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 1-year low of $89.17 and a 1-year high of $134.85. The company has a 50 day moving average of $119.93 and a 200-day moving average of $112.19.

Emerson Electric Increases Dividend

The business also recently declared 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. 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. This represents a $2.11 annualized dividend and a yield of 1.62%. Emerson Electric’s dividend payout ratio is 61.70%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the company’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 transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at $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 SEC, which is available through this link. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

EMR has been the subject of a number of research reports. Loop Capital lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada decreased their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.17.

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.