Loomis Sayles & Co. L P Buys 58,476 Shares of Emerson Electric Co. (NYSE:EMR)

Loomis Sayles & Co. L P grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 164.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,061 shares of the industrial products company’s stock after purchasing an additional 58,476 shares during the period. Loomis Sayles & Co. L P’s holdings in Emerson Electric were worth $10,287,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Newport Trust Company LLC bought a new position in shares of Emerson Electric in the 2nd quarter worth approximately $574,908,000. Legal & General Group Plc raised its holdings in Emerson Electric by 5.2% in the second quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock worth $496,877,000 after purchasing an additional 224,784 shares in the last quarter. Van ECK Associates Corp lifted its position in Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after buying an additional 2,016,075 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Emerson Electric by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,287,326 shares of the industrial products company’s stock worth $359,535,000 after buying an additional 23,739 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Emerson Electric by 3.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,738,701 shares of the industrial products company’s stock worth $297,653,000 after acquiring an additional 88,294 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

NYSE EMR opened at $132.62 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a 1-year low of $87.55 and a 1-year high of $134.17. The stock has a market capitalization of $75.62 billion, a price-to-earnings ratio of 38.78, a PEG ratio of 2.23 and a beta of 1.30. The business’s fifty 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 declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. 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 dividend yield of 1.59%. The ex-dividend date is Friday, November 15th. Emerson Electric’s payout ratio is currently 61.70%.

Analyst Ratings Changes

A number of brokerages have weighed in on EMR. Oppenheimer upped their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Morgan Stanley started coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. Barclays boosted their target price on Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. UBS Group initiated coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target for the company. Finally, Royal Bank of Canada cut their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Insider Transactions at Emerson Electric

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