Empirical Finance LLC Increases Position in Emerson Electric Co. (NYSE:EMR)

Empirical Finance LLC grew its holdings in Emerson Electric Co. (NYSE:EMR) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,908 shares of the industrial products company’s stock after purchasing an additional 415 shares during the period. Empirical Finance LLC’s holdings in Emerson Electric were worth $2,177,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in EMR. Farther Finance Advisors LLC boosted its position in Emerson Electric by 55.0% in the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after purchasing an additional 3,060 shares during the last quarter. Bank of Montreal Can grew its position in shares of Emerson Electric by 17.0% during the 2nd quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock valued at $152,359,000 after acquiring an additional 194,944 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in Emerson Electric by 8.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock worth $7,578,000 after purchasing an additional 5,416 shares during the period. V Square Quantitative Management LLC lifted its position in Emerson Electric by 82.0% during the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock valued at $435,000 after purchasing an additional 1,792 shares in the last quarter. Finally, UniSuper Management Pty Ltd increased its position in Emerson Electric by 223.9% in the first quarter. UniSuper Management Pty Ltd now owns 16,004 shares of the industrial products company’s stock worth $1,815,000 after buying an additional 11,063 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 completion of the sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. UBS Group assumed coverage on Emerson Electric in a report on Wednesday. They set a “neutral” rating and a $135.00 price target on the stock. Robert W. Baird boosted their price target on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Thursday. Finally, KeyCorp lifted their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. One equities 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. According to data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Emerson Electric Price Performance

Emerson Electric stock opened at $126.78 on Friday. The stock has a market capitalization of $72.29 billion, a P/E ratio of 37.07, a P/E/G ratio of 2.18 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $87.17 and a 1 year high of $131.56. The company’s fifty day moving average price is $111.14 and its 200 day moving average price is $109.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

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 given a dividend of $0.5275 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. Emerson Electric’s payout ratio is presently 61.70%.

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.