Emerson Electric Co. (NYSE:EMR) Stock Holdings Increased by Financial Counselors Inc.

Financial Counselors Inc. raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 219,917 shares of the industrial products company’s stock after purchasing an additional 1,242 shares during the quarter. Financial Counselors Inc.’s holdings in Emerson Electric were worth $24,052,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Emerson Electric by 3.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,523,394 shares of the industrial products company’s stock worth $385,354,000 after acquiring an additional 132,186 shares in the last quarter. Fiduciary Trust Co boosted its position in shares of Emerson Electric by 1.4% in the 3rd quarter. Fiduciary Trust Co now owns 151,845 shares of the industrial products company’s stock valued at $16,607,000 after purchasing an additional 2,065 shares during the period. Providence Capital Advisors LLC increased its stake in Emerson Electric by 201,785.7% in the 3rd quarter. Providence Capital Advisors LLC now owns 56,528 shares of the industrial products company’s stock worth $6,182,000 after purchasing an additional 56,500 shares in the last quarter. First Commonwealth Financial Corp PA lifted its stake in Emerson Electric by 1.8% during the third quarter. First Commonwealth Financial Corp PA now owns 7,008 shares of the industrial products company’s stock valued at $766,000 after buying an additional 125 shares in the last quarter. Finally, True Vision MN LLC boosted its holdings in shares of Emerson Electric by 12.2% in the third quarter. True Vision MN LLC now owns 4,204 shares of the industrial products company’s stock worth $460,000 after buying an additional 457 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.3 %

EMR stock opened at $132.62 on Thursday. 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 firm has a market cap of $75.62 billion, a PE ratio of 38.78, a PEG ratio of 2.23 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $87.55 and a 1 year high of $134.17. The company has a fifty day simple moving average of $115.79 and a 200 day simple moving average of $111.15.

Emerson Electric Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft increased their target price on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada dropped their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. BNP Paribas assumed coverage on Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective for the company. Finally, Robert W. Baird upped their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by insiders.

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.