Chevy Chase Trust Holdings LLC Reduces Stake in Emerson Electric Co. (NYSE:EMR)

Chevy Chase Trust Holdings LLC trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 315,304 shares of the industrial products company’s stock after selling 5,308 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Emerson Electric were worth $34,485,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in Emerson Electric in the third quarter worth $25,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric in the 3rd quarter worth about $29,000. Meeder Asset Management Inc. boosted its stake 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 purchasing an additional 235 shares during the period. Morton Brown Family Wealth LLC bought a new position in Emerson Electric during the 3rd quarter valued at about $33,000. Finally, Frazier Financial Advisors LLC bought a new stake in Emerson Electric in the third quarter worth about $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

EMR opened at $133.75 on Tuesday. The firm has a market capitalization of $76.26 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30. 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 business’s 50-day moving average is $116.88 and its two-hundred day moving average is $111.38. Emerson Electric Co. has a 1 year low of $87.59 and a 1 year high of $134.17.

Emerson Electric Increases Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.58%. 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 payout ratio is 61.70%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction on Wednesday, November 6th. The stock was 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 owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EMR. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Saturday. Loop Capital increased their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday. UBS Group initiated coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. Morgan Stanley initiated coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.11.

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.