KBC Group NV Has $6.31 Million Stake in Emerson Electric Co. (NYSE:EMR)

KBC Group NV lowered its position in Emerson Electric Co. (NYSE:EMR) by 15.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,877 shares of the industrial products company’s stock after selling 9,219 shares during the quarter. KBC Group NV’s holdings in Emerson Electric were worth $6,305,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB increased its position in Emerson Electric by 120.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after buying an additional 30,741 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after acquiring an additional 162,985 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in Emerson Electric by 8.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock valued at $7,578,000 after acquiring an additional 5,416 shares during the period. Larson Financial Group LLC boosted its position in Emerson Electric by 130.0% during the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after purchasing an additional 5,393 shares during the period. Finally, V Square Quantitative Management LLC increased its holdings in shares of Emerson Electric by 82.0% in the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock valued at $435,000 after purchasing an additional 1,792 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.2 %

Shares of NYSE EMR opened at $130.41 on Friday. The company has a market cap of $74.27 billion, a price-to-earnings ratio of 38.13, a PEG ratio of 2.22 and a beta of 1.35. 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 12 month low of $91.64 and a 12 month high of $134.85. The stock has a 50-day moving average price of $127.10 and a two-hundred day moving average price of $116.28.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. The ex-dividend date was 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 dividend yield of 1.62%. Emerson Electric’s dividend payout ratio is 61.70%.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the 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 in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on EMR shares. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. Daiwa Capital Markets initiated coverage on Emerson Electric in a research report on Tuesday. They issued an “outperform” rating and a $147.00 target price on the stock. UBS Group started coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target for the company. Loop Capital upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Royal Bank of Canada dropped their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.45.

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.