Pitcairn Co. Grows Holdings in Emerson Electric Co. (NYSE:EMR)

Pitcairn Co. lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 7.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,417 shares of the industrial products company’s stock after buying an additional 560 shares during the quarter. Pitcairn Co.’s holdings in Emerson Electric were worth $921,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EMR. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric in the 3rd quarter worth about $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter worth about $29,000. Meeder Asset Management Inc. grew its position in shares of Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares during the period. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric during the 3rd quarter valued at about $33,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Emerson Electric during the 3rd quarter valued at about $33,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’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 transaction of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada cut their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, 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 on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $130.00.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $130.07 on Monday. The firm’s 50 day moving average price is $114.02 and its 200-day moving average price is $110.75. Emerson Electric Co. has a twelve month low of $87.55 and a twelve month high of $131.56. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $74.17 billion, a PE ratio of 38.03, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30.

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

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.