Emerson Electric Co. (NYSE:EMR) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 330,971 shares of the industrial products company’s stock after selling 1,732 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Emerson Electric were worth $36,198,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in Emerson Electric in the 3rd quarter valued at approximately $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Emerson Electric during the first quarter valued at $31,000. Meeder Asset Management Inc. increased its position in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric in the 3rd quarter valued at about $33,000. Finally, Versant Capital Management Inc boosted its stake in shares of Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 269 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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 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 directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Stock Down 0.5 %

NYSE:EMR traded down $0.62 during trading hours on Thursday, hitting $129.54. The stock had a trading volume of 155,011 shares, compared to its average volume of 2,725,956. The business has a 50 day simple moving average of $109.98 and a two-hundred day simple moving average of $109.71. Emerson Electric Co. has a 1-year low of $87.17 and a 1-year high of $131.56. 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 market cap of $74.19 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 2.16 and a beta of 1.30.

Emerson Electric Increases Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.63%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is currently 61.40%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EMR. BNP Paribas assumed coverage on shares of Emerson Electric in a research note on Wednesday. They set an “outperform” rating and a $155.00 price objective on the stock. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. Wells Fargo & Company lifted their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Oppenheimer raised their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.00.

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.