Two Sigma Advisers LP Sells 80,800 Shares of Emerson Electric Co. (NYSE:EMR)

Two Sigma Advisers LP trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 27.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor 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 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Newport Trust Company LLC bought a new stake in Emerson Electric during the second quarter valued at about $574,908,000. Pathway Financial Advisers LLC lifted its position in shares of Emerson Electric by 10,993.2% during the third 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 last quarter. Van ECK Associates Corp boosted its holdings in shares of Emerson Electric by 107.2% in the 3rd 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 in the last quarter. State Street Corp raised its stake in shares of Emerson Electric by 6.2% during the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after acquiring an additional 1,507,980 shares in the last quarter. Finally, Swedbank AB lifted its position in Emerson Electric by 127.3% during 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. Institutional investors own 74.30% of the company’s stock.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the 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 transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

Emerson Electric Stock Down 1.6 %

NYSE EMR opened at $130.98 on Friday. The business’s fifty day simple moving average is $119.51 and its 200-day simple moving average is $112.08. Emerson Electric Co. has a 52 week low of $87.71 and a 52 week high of $134.85. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm has a market cap of $74.60 billion, a PE ratio of 38.30, a P/E/G ratio of 2.26 and a beta of 1.34.

Emerson Electric Increases Dividend

The firm also recently disclosed 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. This represents a $2.11 annualized dividend and a yield of 1.61%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

Analyst Ratings Changes

Several brokerages recently weighed in on EMR. Wells Fargo & Company boosted their target price on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Morgan Stanley began coverage on Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target for the company. Finally, StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Sunday. One 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $132.17.

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.