Atlantic Union Bankshares Corp Has $1.94 Million Position in Emerson Electric Co. (NYSE:EMR)

Atlantic Union Bankshares Corp trimmed its position in Emerson Electric Co. (NYSE:EMR) by 0.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 17,703 shares of the industrial products company’s stock after selling 169 shares during the period. Atlantic Union Bankshares Corp’s holdings in Emerson Electric were worth $1,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in Emerson Electric by 446.5% in the 1st quarter. Cetera Investment Advisers now owns 195,095 shares of the industrial products company’s stock worth $22,128,000 after purchasing an additional 159,395 shares in the last quarter. Cetera Advisors LLC raised its position in shares of Emerson Electric by 24.6% in the first quarter. Cetera Advisors LLC now owns 68,057 shares of the industrial products company’s stock valued at $7,719,000 after buying an additional 13,434 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Emerson Electric by 21.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,487 shares of the industrial products company’s stock valued at $160,000 after buying an additional 262 shares during the period. Armstrong Henry H Associates Inc. grew its position in Emerson Electric by 4.1% during the second quarter. Armstrong Henry H Associates Inc. now owns 4,669 shares of the industrial products company’s stock worth $514,000 after buying an additional 185 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Emerson Electric by 21.5% in the 2nd quarter. GAMMA Investing LLC now owns 5,708 shares of the industrial products company’s stock valued at $629,000 after acquiring an additional 1,009 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.0 %

Shares of NYSE EMR opened at $132.62 on Friday. Emerson Electric Co. has a 1 year low of $87.59 and a 1 year high of $134.17. 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 has a market cap of $75.62 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30. The company has a 50 day simple moving average of $116.88 and a 200 day simple moving average of $111.42.

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 dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date 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 61.70%.

Analyst Ratings Changes

A number of brokerages recently commented on EMR. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. UBS Group assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. Barclays upped their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. BNP Paribas started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. Finally, Oppenheimer upped their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Insider Activity 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 stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.25% of the stock is currently owned by company insiders.

About Emerson Electric

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.