Emerson Electric Co. (NYSE:EMR) Stake Raised by Hilltop Holdings Inc.

Hilltop Holdings Inc. increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 27.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,301 shares of the industrial products company’s stock after purchasing an additional 1,555 shares during the period. Hilltop Holdings Inc.’s holdings in Emerson Electric were worth $799,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Centiva Capital LP raised its holdings in Emerson Electric by 15.1% during the third quarter. Centiva Capital LP now owns 3,850 shares of the industrial products company’s stock worth $421,000 after purchasing an additional 506 shares in the last quarter. Community Bank N.A. raised its holdings in Emerson Electric by 1.2% during the third quarter. Community Bank N.A. now owns 55,767 shares of the industrial products company’s stock worth $6,099,000 after purchasing an additional 679 shares in the last quarter. Beacon Investment Advisory Services Inc. raised its holdings in Emerson Electric by 5.2% during the third quarter. Beacon Investment Advisory Services Inc. now owns 6,020 shares of the industrial products company’s stock worth $658,000 after purchasing an additional 300 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Emerson Electric by 256.5% during the third quarter. Benjamin Edwards Inc. now owns 43,072 shares of the industrial products company’s stock worth $4,712,000 after purchasing an additional 30,991 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new stake in Emerson Electric during the third quarter worth approximately $10,092,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. KeyCorp lifted their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Morgan Stanley assumed coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Loop Capital lifted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Barclays lifted their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.11.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Trading Up 0.7 %

NYSE EMR opened at $134.34 on Thursday. Emerson Electric Co. has a 1-year low of $87.59 and a 1-year high of $134.85. 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 $76.51 billion, a PE ratio of 39.28, a price-to-earnings-growth ratio of 2.25 and a beta of 1.34. The firm’s fifty day simple moving average is $118.59 and its 200-day simple moving average is $111.83.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.5275 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.57%. Emerson Electric’s dividend payout ratio is 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.