Erste Asset Management GmbH Takes Position in Emerson Electric Co. (NYSE:EMR)

Erste Asset Management GmbH purchased a new position in Emerson Electric Co. (NYSE:EMR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 92,375 shares of the industrial products company’s stock, valued at approximately $10,092,000.

Several other large investors also recently added to or reduced their stakes in EMR. Plotkin Financial Advisors LLC purchased a new stake in Emerson Electric during the 3rd quarter valued at $248,000. Edgestream Partners L.P. purchased a new stake in shares of Emerson Electric in the third quarter valued at $3,749,000. Acropolis Investment Management LLC lifted its holdings in shares of Emerson Electric by 2.0% in the 3rd quarter. Acropolis Investment Management LLC now owns 5,399 shares of the industrial products company’s stock worth $590,000 after acquiring an additional 107 shares during the last quarter. TRUE Private Wealth Advisors boosted its stake in shares of Emerson Electric by 1.5% during the 3rd quarter. TRUE Private Wealth Advisors now owns 37,679 shares of the industrial products company’s stock worth $4,121,000 after purchasing an additional 560 shares during the period. Finally, Icon Wealth Advisors LLC grew its holdings in Emerson Electric by 6.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 4,092 shares of the industrial products company’s stock valued at $448,000 after purchasing an additional 251 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EMR. KeyCorp upped their target price on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. BNP Paribas assumed coverage on Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price for the company. Royal Bank of Canada reduced their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. UBS Group initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective for the company. Finally, Oppenheimer raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.00.

Emerson Electric Stock Up 0.0 %

Shares of Emerson Electric stock opened at $132.60 on Monday. Emerson Electric Co. has a 52-week low of $87.59 and a 52-week high of $134.17. The firm’s 50 day moving average price is $116.88 and its 200-day moving average price is $111.38. 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 company has a market cap of $75.61 billion, a P/E ratio of 38.77, a PEG ratio of 2.23 and a beta of 1.30.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 61.70%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s 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 sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.25% of the company’s stock.

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.