Emerson Electric Co. (NYSE:EMR) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC decreased its position in Emerson Electric Co. (NYSE:EMR) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,896 shares of the industrial products company’s stock after selling 413 shares during the period. Sargent Investment Group LLC’s holdings in Emerson Electric were worth $1,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in Emerson Electric in the third quarter valued at approximately $25,000. Transcendent Capital Group LLC acquired a new stake in Emerson Electric in the 1st quarter valued at $31,000. Meeder Asset Management Inc. increased its holdings in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new position in Emerson Electric during the third quarter valued at $33,000. Finally, Versant Capital Management Inc grew its position in shares of Emerson Electric by 471.9% in the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 269 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Barclays boosted 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. Morgan Stanley started coverage on Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.00.

Emerson Electric Stock Performance

EMR traded down $0.15 during trading on Thursday, hitting $130.01. 995,354 shares of the stock were exchanged, compared to its average volume of 2,729,759. 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 firm has a market capitalization of $74.46 billion, a P/E ratio of 38.06, a PEG ratio of 2.16 and a beta of 1.30. The stock has a fifty day moving average price of $109.98 and a two-hundred day moving average price of $109.71. Emerson Electric Co. has a 1-year low of $87.17 and a 1-year high of $131.56.

Emerson Electric Increases Dividend

The firm 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 $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 61.40%.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.25% of the company’s stock.

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.