Emerson Electric Co. (NYSE:EMR) Shares Purchased by Fiduciary Trust Co

Fiduciary Trust Co boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 151,845 shares of the industrial products company’s stock after buying an additional 2,065 shares during the period. Fiduciary Trust Co’s holdings in Emerson Electric were worth $16,607,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Newport Trust Company LLC acquired a new stake in Emerson Electric during the second quarter worth about $574,908,000. Pathway Financial Advisers LLC grew its stake in shares of Emerson Electric by 10,993.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after buying an additional 2,051,764 shares during the period. Van ECK Associates Corp increased its holdings in shares of Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after buying an additional 2,016,075 shares during the last quarter. Swedbank AB lifted its holdings in Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after acquiring an additional 1,424,800 shares during the last quarter. Finally, Perpetual Ltd grew its position in Emerson Electric by 57,336.1% in the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock worth $131,918,000 after acquiring an additional 1,204,058 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays upped their price target on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Robert W. Baird increased their target price 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. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.00.

Emerson Electric Stock Down 0.3 %

Shares of NYSE:EMR opened at $132.62 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a fifty-two week low of $87.55 and a fifty-two week high of $134.17. The stock has a market cap of $75.62 billion, a price-to-earnings ratio of 38.78, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30. The firm’s 50 day moving average price is $115.79 and its 200 day moving average price is $111.15.

Emerson Electric Increases Dividend

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

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

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.