Citizens Financial Group Inc. RI Has $2.72 Million Position in Emerson Electric Co. (NYSE:EMR)

Citizens Financial Group Inc. RI trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 74.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,830 shares of the industrial products company’s stock after selling 71,749 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Emerson Electric were worth $2,716,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of EMR. Farther Finance Advisors LLC lifted its holdings in Emerson Electric by 55.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after buying an additional 3,060 shares during the period. Bank of Montreal Can lifted its stake in shares of Emerson Electric by 17.0% in the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock worth $152,359,000 after acquiring an additional 194,944 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in Emerson Electric by 8.5% in the third 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 last quarter. V Square Quantitative Management LLC increased its position in Emerson Electric by 82.0% during the 3rd 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 period. Finally, Proactive Wealth Strategies LLC acquired a new position in shares of Emerson Electric in the 3rd quarter worth approximately $443,000. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EMR shares. Deutsche Bank Aktiengesellschaft lifted 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. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and cut their target price for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Morgan Stanley assumed coverage on Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target on the stock. Finally, UBS Group began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. One equities 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 data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Insider Buying and Selling

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

Emerson Electric Trading Down 0.6 %

Shares of Emerson Electric stock opened at $128.38 on Friday. 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 stock has a fifty day simple moving average of $113.46 and a 200 day simple moving average of $110.58. Emerson Electric Co. has a 12-month low of $87.55 and a 12-month high of $131.56. The company has a market capitalization of $73.20 billion, a P/E ratio of 37.54, a price-to-earnings-growth ratio of 2.17 and a beta of 1.30.

Emerson Electric Increases Dividend

The company 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 dividend of $0.5275 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 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.