D.A. Davidson & CO. Sells 16,799 Shares of Emerson Electric Co. (NYSE:EMR)

D.A. Davidson & CO. decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 11.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 124,781 shares of the industrial products company’s stock after selling 16,799 shares during the period. D.A. Davidson & CO.’s holdings in Emerson Electric were worth $13,647,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Dai ichi Life Insurance Company Ltd boosted its stake in Emerson Electric by 38.5% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 97,590 shares of the industrial products company’s stock valued at $10,673,000 after buying an additional 27,149 shares during the period. Patton Albertson Miller Group LLC lifted its stake in Emerson Electric by 3.4% during the third quarter. Patton Albertson Miller Group LLC now owns 7,619 shares of the industrial products company’s stock worth $833,000 after purchasing an additional 249 shares during the last quarter. West Tower Group LLC bought a new stake in Emerson Electric during the third quarter worth about $295,000. Qsemble Capital Management LP bought a new stake in Emerson Electric during the third quarter worth about $1,665,000. Finally, Horizon Kinetics Asset Management LLC lifted its stake in Emerson Electric by 34.3% during the third quarter. Horizon Kinetics Asset Management LLC now owns 24,297 shares of the industrial products company’s stock worth $2,657,000 after purchasing an additional 6,200 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.2 %

EMR stock opened at $133.01 on Wednesday. Emerson Electric Co. has a fifty-two week low of $87.55 and a fifty-two week high of $134.17. The business’s 50 day moving average price is $115.21 and its two-hundred day moving average price is $111.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The company has a market capitalization of $75.84 billion, a price-to-earnings ratio of 38.89, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.59%. Emerson Electric’s dividend payout ratio is 61.70%.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the business’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 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

EMR has been the subject of several research analyst reports. Royal Bank of Canada dropped their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their target price on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. KeyCorp boosted 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. Oppenheimer boosted their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, Barclays boosted 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.00.

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.