Atria Investments Inc Has $5.85 Million Position in Emerson Electric Co. (NYSE:EMR)

Atria Investments Inc increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 10.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,470 shares of the industrial products company’s stock after acquiring an additional 5,210 shares during the quarter. Atria Investments Inc’s holdings in Emerson Electric were worth $5,848,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Newport Trust Company LLC bought a new position in Emerson Electric during the second quarter worth about $574,908,000. Pathway Financial Advisers LLC lifted its position in Emerson Electric by 10,993.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after buying an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the last quarter. Swedbank AB boosted its position in Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares during the last quarter. Finally, Perpetual Ltd increased its position in Emerson Electric by 57,336.1% in the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock worth $131,918,000 after purchasing an additional 1,204,058 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Up 1.5 %

Shares of NYSE:EMR opened at $129.20 on Tuesday. The business’s 50 day simple moving average is $108.39 and its 200 day simple moving average is $109.30. The company has a market capitalization of $73.99 billion, a P/E ratio of 37.78, a P/E/G ratio of 2.13 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 0.86. Emerson Electric Co. has a 1 year low of $85.91 and a 1 year high of $130.00.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.63%. 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%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 in the company, valued at approximately $33,052,911.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the topic of several recent research reports. Barclays raised their price target on Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Oppenheimer raised their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Morgan Stanley initiated coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. Finally, Royal Bank of Canada decreased their price objective 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.65.

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.