Two Sigma Advisers LP Reduces Stake in Emerson Electric Co. (NYSE:EMR)

Two Sigma Advisers LP lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 27.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 210,300 shares of the industrial products company’s stock after selling 80,800 shares during the quarter. Two Sigma Advisers LP’s holdings in Emerson Electric were worth $23,001,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were 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 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 can be accessed through the SEC website. 0.25% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EMR. UBS Group began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. Robert W. Baird increased their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Finally, Royal Bank of Canada dropped their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $132.17.

Emerson Electric Stock Down 1.6 %

Shares of NYSE EMR opened at $130.98 on Friday. The stock has a market capitalization of $74.60 billion, a price-to-earnings ratio of 38.30, a P/E/G ratio of 2.26 and a beta of 1.34. Emerson Electric Co. has a 12-month low of $87.71 and a 12-month high of $134.85. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $119.51 and its 200-day moving average price is $112.08.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a $0.5275 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.61%. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

About Emerson Electric

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.