Quantbot Technologies LP Invests $5.92 Million in Emerson Electric Co. (NYSE:EMR)

Quantbot Technologies LP bought a new stake in Emerson Electric Co. (NYSE:EMR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 54,112 shares of the industrial products company’s stock, valued at approximately $5,918,000.

Other institutional investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC increased its position in shares of Emerson Electric by 418.8% during the first quarter. Beacon Capital Management LLC now owns 607 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 490 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its stake in Emerson Electric by 3.8% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 4,528 shares of the industrial products company’s stock valued at $514,000 after purchasing an additional 164 shares during the last quarter. iA Global Asset Management Inc. bought a new stake in Emerson Electric during the 1st quarter worth approximately $10,005,000. Plato Investment Management Ltd raised its stake in shares of Emerson Electric by 1,544.2% in the first quarter. Plato Investment Management Ltd now owns 11,707 shares of the industrial products company’s stock worth $1,328,000 after purchasing an additional 10,995 shares during the last quarter. Finally, New Covenant Trust Company N.A. purchased a new position in shares of Emerson Electric during the first quarter valued at approximately $55,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade 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 the SEC website. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EMR shares. Oppenheimer increased their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Barclays upped their price objective 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. Wells Fargo & Company lifted their target price on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Morgan Stanley began 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, Royal Bank of Canada reduced their target price 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.00.

Emerson Electric Stock Up 0.2 %

EMR stock opened at $133.01 on Wednesday. Emerson Electric Co. has a twelve month low of $87.55 and a twelve month high of $134.17. The firm has a market capitalization of $75.84 billion, a PE ratio of 38.89, a PEG ratio of 2.23 and a beta of 1.30. 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 $115.21 and a two-hundred day simple moving average of $111.00.

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 paid a $0.5275 dividend. The ex-dividend date is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.59%. Emerson Electric’s dividend payout ratio is currently 61.70%.

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.