Emerson Electric Co. (NYSE:EMR) Shares Sold by Empower Advisory Group LLC

Empower Advisory Group LLC trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 20.6% during the third quarter, Holdings Channel reports. The firm owned 6,721 shares of the industrial products company’s stock after selling 1,745 shares during the quarter. Empower Advisory Group LLC’s holdings in Emerson Electric were worth $735,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in Emerson Electric by 13.3% in the third quarter. Victory Capital Management Inc. now owns 288,443 shares of the industrial products company’s stock worth $31,547,000 after acquiring an additional 33,908 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in shares of Emerson Electric by 12.3% during the third quarter. Aptus Capital Advisors LLC now owns 8,793 shares of the industrial products company’s stock valued at $962,000 after purchasing an additional 966 shares during the last quarter. Missouri Trust & Investment Co raised its position in shares of Emerson Electric by 3.1% during the 3rd quarter. Missouri Trust & Investment Co now owns 6,559 shares of the industrial products company’s stock worth $717,000 after purchasing an additional 200 shares during the period. Cumberland Partners Ltd lifted its holdings in shares of Emerson Electric by 8.2% in the 3rd quarter. Cumberland Partners Ltd now owns 11,850 shares of the industrial products company’s stock worth $1,296,000 after purchasing an additional 900 shares during the last quarter. Finally, Savvy Advisors Inc. grew its stake in Emerson Electric by 2.4% during the 3rd quarter. Savvy Advisors Inc. now owns 11,541 shares of the industrial products company’s stock worth $1,262,000 after buying an additional 266 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

NYSE:EMR opened at $129.05 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 company has a 50-day moving average of $109.98 and a 200-day moving average of $109.71. Emerson Electric Co. has a twelve month low of $87.17 and a twelve month high of $131.56. The firm has a market cap of $73.91 billion, a price-to-earnings ratio of 37.73, a price-to-earnings-growth ratio of 2.16 and a beta of 1.30.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued 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 1.64%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 61.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. KeyCorp raised their target price on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Wells Fargo & Company boosted their target price 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. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Morgan Stanley began 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. Finally, Barclays lifted their target price 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. One 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.00.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.