Emerson Electric Co. (NYSE:EMR) Stake Increased by StoneX Group Inc.

StoneX Group Inc. raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 12.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,663 shares of the industrial products company’s stock after acquiring an additional 3,012 shares during the quarter. StoneX Group Inc.’s holdings in Emerson Electric were worth $2,916,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its holdings in Emerson Electric by 15.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,106,633 shares of the industrial products company’s stock worth $125,515,000 after purchasing an additional 149,446 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of Emerson Electric in the 1st quarter valued at about $31,000. SVB Wealth LLC grew its position in shares of Emerson Electric by 4.1% during the 1st quarter. SVB Wealth LLC now owns 10,401 shares of the industrial products company’s stock valued at $1,180,000 after buying an additional 405 shares during the last quarter. Kinloch Capital LLC lifted its holdings in Emerson Electric by 3.0% in the first quarter. Kinloch Capital LLC now owns 39,524 shares of the industrial products company’s stock worth $4,483,000 after acquiring an additional 1,165 shares during the last quarter. Finally, Waverly Advisors LLC boosted its stake in Emerson Electric by 2.1% in the first quarter. Waverly Advisors LLC now owns 15,925 shares of the industrial products company’s stock valued at $1,806,000 after acquiring an additional 321 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EMR. Wells Fargo & Company raised their price target on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. BNP Paribas assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. Royal Bank of Canada lowered their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Morgan Stanley initiated coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. Finally, Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.00.

Emerson Electric Trading Up 1.4 %

Shares of EMR stock opened at $130.07 on Friday. 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 stock has a 50-day simple moving average of $114.02 and a 200 day simple moving average of $110.77. Emerson Electric Co. has a fifty-two week low of $87.55 and a fifty-two week high of $131.56. The stock has a market capitalization of $74.17 billion, a P/E ratio of 38.03, a P/E/G ratio of 2.15 and a beta of 1.30.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.5275 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is currently 61.70%.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction 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 transaction, the senior vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

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.