Emerson Electric Co. (NYSE:EMR) Shares Bought by Longfellow Investment Management Co. LLC

Longfellow Investment Management Co. LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 26,826.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,116 shares of the industrial products company’s stock after acquiring an additional 5,097 shares during the quarter. Longfellow Investment Management Co. LLC’s holdings in Emerson Electric were worth $560,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric in the third quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter worth $29,000. Meeder Asset Management Inc. raised its holdings in shares of Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares during the period. Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric in the third quarter valued at about $33,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Emerson Electric during the third quarter worth about $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EMR. Barclays increased their price target 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 Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. Robert W. Baird upped their price target on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. KeyCorp raised their price objective on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada decreased their target price 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.00.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $130.94 on Monday. 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 company has a market cap of $74.66 billion, a price-to-earnings ratio of 38.03, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The stock’s 50-day moving average is $114.02 and its two-hundred day moving average is $110.75. Emerson Electric Co. has a 1-year low of $87.55 and a 1-year high of $131.56.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.61%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

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.