Kensington Investment Counsel LLC Raises Stake in Emerson Electric Co. (NYSE:EMR)

Kensington Investment Counsel LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 32,742 shares of the industrial products company’s stock after buying an additional 396 shares during the period. Emerson Electric accounts for approximately 1.5% of Kensington Investment Counsel LLC’s portfolio, making the stock its 23rd largest holding. Kensington Investment Counsel LLC’s holdings in Emerson Electric were worth $3,581,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Orion Portfolio Solutions LLC boosted its holdings in shares of Emerson Electric by 6.3% during the third quarter. Orion Portfolio Solutions LLC now owns 27,587 shares of the industrial products company’s stock worth $3,017,000 after purchasing an additional 1,630 shares during the last quarter. Zacks Investment Management boosted its stake in Emerson Electric by 10.3% in the 3rd quarter. Zacks Investment Management now owns 411,106 shares of the industrial products company’s stock worth $44,963,000 after buying an additional 38,228 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in Emerson Electric by 78.1% in the 3rd quarter. EP Wealth Advisors LLC now owns 37,371 shares of the industrial products company’s stock valued at $4,087,000 after buying an additional 16,388 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in shares of Emerson Electric by 1,333.3% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 56,846 shares of the industrial products company’s stock worth $6,217,000 after acquiring an additional 52,880 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Emerson Electric by 4.2% in the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock worth $1,591,612,000 after acquiring an additional 581,102 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Emerson Electric stock opened at $130.98 on Friday. 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’s fifty day moving average price is $119.51 and its 200 day moving average price is $112.08. The company has a market capitalization of $74.60 billion, a price-to-earnings ratio of 38.30, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34. 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 paid a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.61%. Emerson Electric’s payout ratio is 61.70%.

Insider Buying and Selling 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 in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group initiated coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. BNP Paribas assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. Finally, Barclays increased their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.