Emerson Electric Co. (NYSE:EMR) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 13.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 288,443 shares of the industrial products company’s stock after acquiring an additional 33,908 shares during the quarter. Victory Capital Management Inc. owned about 0.05% of Emerson Electric worth $31,547,000 as of its most recent filing with the Securities and Exchange Commission.

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

Emerson Electric Stock Down 1.3 %

EMR stock opened at $126.78 on Friday. Emerson Electric Co. has a one year low of $87.17 and a one year high of $131.56. The stock has a market capitalization of $72.29 billion, a P/E ratio of 37.07, a PEG ratio of 2.18 and a beta of 1.30. The company has a 50 day moving average price of $111.14 and a two-hundred day moving average price of $109.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

Emerson Electric Increases Dividend

The firm 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 is Friday, November 15th. 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 1.66%. Emerson Electric’s dividend payout ratio is 61.70%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays raised 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 note on Wednesday, November 6th. UBS Group assumed coverage on shares of Emerson Electric in a report on Wednesday. They set a “neutral” rating and a $135.00 price objective on the stock. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Robert W. Baird upped their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Royal Bank of Canada cut their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.00.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.25% of the stock is 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.