Emerson Electric Co. (NYSE:EMR) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC increased its stake in Emerson Electric Co. (NYSE:EMR) by 38.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 415,876 shares of the industrial products company’s stock after purchasing an additional 116,162 shares during the period. HighTower Advisors LLC owned 0.07% of Emerson Electric worth $45,464,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Newport Trust Company LLC acquired a new stake in Emerson Electric in the 2nd quarter worth approximately $574,908,000. Legal & General Group Plc boosted its stake in Emerson Electric by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock worth $496,877,000 after purchasing an additional 224,784 shares in the last quarter. Van ECK Associates Corp boosted its stake in Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after purchasing an additional 2,016,075 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Emerson Electric by 3.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,523,394 shares of the industrial products company’s stock worth $385,354,000 after purchasing an additional 132,186 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Emerson Electric by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,287,326 shares of the industrial products company’s stock worth $359,535,000 after purchasing an additional 23,739 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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 transaction 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 represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on EMR. Royal Bank of Canada decreased their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Loop Capital lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. UBS Group began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. Finally, Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.11.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $134.34 on Thursday. The firm has a market cap of $76.51 billion, a PE ratio of 39.28, a PEG ratio of 2.25 and a beta of 1.34. The firm has a fifty day moving average of $118.59 and a 200 day moving average of $111.83. 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 Co. has a one year low of $87.59 and a one year high of $134.85.

Emerson Electric Increases Dividend

The firm also recently announced 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 is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.57%. Emerson Electric’s dividend payout ratio is presently 61.70%.

Emerson Electric 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.