Emerson Electric Co. (NYSE:EMR) Short Interest Update

Emerson Electric Co. (NYSE:EMR) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 9,290,000 shares, an increase of 7.6% from the October 15th total of 8,630,000 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily volume of 2,840,000 shares, the days-to-cover ratio is currently 3.3 days.

Emerson Electric Price Performance

NYSE:EMR traded down $1.14 during mid-day trading on Tuesday, hitting $128.02. The company’s stock had a trading volume of 325,052 shares, compared to its average volume of 2,733,802. The stock has a fifty day moving average of $111.73 and a 200-day moving average of $110.16. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $73.00 billion, a price-to-earnings ratio of 37.78, a P/E/G ratio of 2.13 and a beta of 1.30. Emerson Electric has a fifty-two week low of $87.55 and a fifty-two week high of $131.56.

Emerson Electric Increases Dividend

The company also recently announced 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 positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.65%. Emerson Electric’s dividend payout ratio is presently 61.70%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.25% of the stock is currently owned by company insiders.

Institutional Trading of Emerson Electric

Several large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its position in shares of Emerson Electric by 55.0% during the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after acquiring an additional 3,060 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Emerson Electric by 17.0% in the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock worth $152,359,000 after acquiring an additional 194,944 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in Emerson Electric by 8.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock worth $7,578,000 after buying an additional 5,416 shares during the period. V Square Quantitative Management LLC lifted its position in Emerson Electric by 82.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock valued at $435,000 after acquiring an additional 1,792 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its stake in shares of Emerson Electric by 223.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 16,004 shares of the industrial products company’s stock valued at $1,815,000 after purchasing an additional 11,063 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the topic of a number of recent analyst reports. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Barclays lifted their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Robert W. Baird raised their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. 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 research report on Wednesday, November 6th. Finally, Royal Bank of Canada lowered their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

Emerson Electric Company 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.