Impax Asset Management Group plc Acquires 15,340 Shares of Emerson Electric Co. (NYSE:EMR)

Impax Asset Management Group plc raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 16.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,446 shares of the industrial products company’s stock after purchasing an additional 15,340 shares during the quarter. Impax Asset Management Group plc’s holdings in Emerson Electric were worth $11,751,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in EMR. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric in the third quarter valued at about $25,000. Transcendent Capital Group LLC bought a new stake in shares of Emerson Electric in the first quarter valued at about $31,000. Meeder Asset Management Inc. raised its holdings in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC bought a new stake in shares of Emerson Electric in the third quarter valued at about $33,000. Finally, Versant Capital Management Inc raised its holdings 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 acquiring an additional 269 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Down 1.3 %

EMR stock opened at $126.78 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The firm’s fifty day simple moving average is $110.57 and its 200-day simple moving average is $109.84. Emerson Electric Co. has a 12 month low of $87.17 and a 12 month high of $131.56. The company has a market capitalization of $72.29 billion, a P/E ratio of 37.07, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Analyst Ratings Changes

Several analysts recently weighed in on EMR shares. Wells Fargo & Company lifted their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Oppenheimer boosted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. 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 report on Wednesday, November 6th. KeyCorp boosted their target price on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Insider Activity

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 stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.