Emerson Electric Co. (NYSE:EMR) Stock Holdings Lifted by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 2,054.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,192 shares of the industrial products company’s stock after purchasing an additional 147,034 shares during the period. Worldquant Millennium Advisors LLC’s holdings in Emerson Electric were worth $16,864,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Emerson Electric during the third quarter worth $25,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the 3rd quarter worth about $29,000. Meeder Asset Management Inc. increased its holdings in shares of Emerson Electric by 361.5% during the 2nd 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 during the last quarter. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric in the 3rd quarter worth approximately $33,000. Finally, Frazier Financial Advisors LLC bought a new stake in Emerson Electric during the third quarter worth approximately $33,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the 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 sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. 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 Price Performance

NYSE:EMR opened at $130.98 on Friday. The firm has a market cap of $74.60 billion, a PE ratio of 38.30, a price-to-earnings-growth ratio of 2.24 and a beta of 1.34. The company’s 50-day moving average price is $119.07 and its two-hundred day moving average price is $111.98. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 12 month low of $87.71 and a 12 month high of $134.85.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.61%. Emerson Electric’s dividend payout ratio is 61.70%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EMR shares. Robert W. Baird boosted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Barclays increased their target price on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday. Morgan Stanley began coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. Finally, 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 research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $132.17.

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.