ProShare Advisors LLC raised its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,078,580 shares of the industrial products company’s stock after acquiring an additional 91,706 shares during the quarter. ProShare Advisors LLC owned approximately 0.36% of Emerson Electric worth $187,883,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of EMR. RB Capital Management LLC boosted its position in Emerson Electric by 3.0% during the 1st quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock valued at $525,000 after acquiring an additional 155 shares in the last quarter. Fairfield Bush & CO. purchased a new position in shares of Emerson Electric during the first quarter valued at approximately $116,000. Prudential PLC purchased a new position in shares of Emerson Electric during the first quarter valued at approximately $1,215,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Emerson Electric by 17.5% during the first quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock valued at $934,000 after purchasing an additional 1,418 shares during the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of Emerson Electric by 31.8% during the first quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 931 shares during the last quarter. 72.02% of the stock is owned by institutional investors.
Emerson Electric Stock Performance
Shares of EMR stock traded up $1.77 during mid-day trading on Friday, reaching $89.27. 3,494,310 shares of the company’s stock traded hands, compared to its average volume of 3,171,279. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $100.62. The firm has a 50 day moving average price of $93.28 and a two-hundred day moving average price of $90.84. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.35 and a current ratio of 2.75. The firm has a market capitalization of $50.89 billion, a PE ratio of 3.89, a price-to-earnings-growth ratio of 1.52 and a beta of 1.38.
Emerson Electric Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.52. Emerson Electric’s dividend payout ratio is presently 9.08%.
Insiders Place Their Bets
In other Emerson Electric news, Director Arthur F. Golden purchased 3,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was acquired at an average price of $85.64 per share, for a total transaction of $256,920.00. Following the purchase, the director now owns 97,504 shares of the company’s stock, valued at approximately $8,350,242.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Arthur F. Golden acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average price of $85.64 per share, for a total transaction of $256,920.00. Following the completion of the transaction, the director now directly owns 97,504 shares in the company, valued at approximately $8,350,242.56. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CMO Vidya Ramnath sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total value of $244,650.00. Following the transaction, the chief marketing officer now owns 11,870 shares of the company’s stock, valued at approximately $1,161,598.20. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Royal Bank of Canada lowered their target price on shares of Emerson Electric from $109.00 to $106.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. Morgan Stanley lifted their target price on shares of Emerson Electric from $107.00 to $116.00 and gave the company an “overweight” rating in a report on Thursday, August 3rd. Mizuho boosted their price objective on shares of Emerson Electric from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, August 3rd. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Argus upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Monday, August 28th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $105.11.
About Emerson Electric
Emerson Electric Co, a technology and engineering 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.
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