Emerson Electric Co. (NYSE:EMR) Shares Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lifted its stake in Emerson Electric Co. (NYSE:EMR) by 12.5% in the third quarter, HoldingsChannel reports. The firm owned 25,014 shares of the industrial products company’s stock after purchasing an additional 2,784 shares during the period. OneDigital Investment Advisors LLC’s holdings in Emerson Electric were worth $2,736,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EMR. Lifeworks Advisors LLC increased its position in shares of Emerson Electric by 15.3% in the third quarter. Lifeworks Advisors LLC now owns 4,217 shares of the industrial products company’s stock worth $461,000 after acquiring an additional 558 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in Emerson Electric by 6.3% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,667 shares of the industrial products company’s stock worth $1,714,000 after purchasing an additional 928 shares in the last quarter. Metis Global Partners LLC raised its stake in Emerson Electric by 1.6% during the 3rd quarter. Metis Global Partners LLC now owns 18,237 shares of the industrial products company’s stock valued at $1,995,000 after purchasing an additional 280 shares during the period. Curi RMB Capital LLC increased its holdings in shares of Emerson Electric by 5.1% in the 3rd quarter. Curi RMB Capital LLC now owns 14,750 shares of the industrial products company’s stock valued at $1,613,000 after purchasing an additional 721 shares during the period. Finally, Huntington National Bank grew its position in Emerson Electric by 4.1% during the third quarter. Huntington National Bank now owns 782,095 shares of the industrial products company’s stock valued at $85,538,000 after purchasing an additional 31,075 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. BNP Paribas started coverage on shares of Emerson Electric in a research note on Wednesday. They set an “outperform” rating and a $155.00 target price for the company. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. UBS Group began coverage on shares of Emerson Electric in a research report on Wednesday. They issued a “neutral” rating and a $135.00 price target on the stock. Finally, Barclays upped their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.00.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

Emerson Electric Stock Down 1.3 %

EMR opened at $126.78 on Friday. Emerson Electric Co. has a twelve month low of $87.17 and a twelve month high of $131.56. The firm has a market cap of $72.29 billion, a price-to-earnings ratio of 37.07, a PEG ratio of 2.18 and a beta of 1.30. The firm’s 50-day simple moving average is $111.14 and its 200-day simple moving average is $109.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

Emerson Electric Increases Dividend

The company also recently announced 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 is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.66%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is 61.70%.

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.