Emerson Electric Co. (NYSE:EMR) Shares Purchased by Truepoint Inc.

Truepoint Inc. increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,905 shares of the industrial products company’s stock after purchasing an additional 980 shares during the quarter. Truepoint Inc.’s holdings in Emerson Electric were worth $5,896,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Thrive Wealth Management LLC raised its position in Emerson Electric by 4.1% in the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 91 shares in the last quarter. LCM Capital Management Inc raised its position in Emerson Electric by 1.4% in the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock valued at $748,000 after purchasing an additional 91 shares in the last quarter. Sabal Trust CO raised its position in Emerson Electric by 2.2% in the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock valued at $475,000 after purchasing an additional 93 shares in the last quarter. Catalyst Financial Partners LLC raised its position in Emerson Electric by 3.7% in the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 94 shares in the last quarter. Finally, Unison Advisors LLC increased its holdings in shares of Emerson Electric by 0.5% in the 2nd quarter. Unison Advisors LLC now owns 21,016 shares of the industrial products company’s stock valued at $2,315,000 after acquiring an additional 96 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on EMR shares. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada dropped their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Barclays increased their price objective on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company increased 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.25% of the stock is owned by corporate insiders.

Emerson Electric Price Performance

Shares of EMR opened at $130.07 on Friday. Emerson Electric Co. has a twelve month low of $87.55 and a twelve month high of $131.56. The stock’s 50 day moving average is $114.02 and its two-hundred day moving average is $110.77. The firm has a market capitalization of $74.17 billion, a PE ratio of 38.03, a P/E/G ratio of 2.15 and a beta of 1.30. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is currently 61.70%.

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.