United Services Automobile Association Lowers Position in Emerson Electric Co. (NYSE:EMR)

United Services Automobile Association lessened its stake in Emerson Electric Co. (NYSE:EMR) by 18.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,398 shares of the industrial products company’s stock after selling 2,858 shares during the quarter. United Services Automobile Association’s holdings in Emerson Electric were worth $1,356,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric in the third quarter worth $25,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric in the third quarter worth $29,000. Frazier Financial Advisors LLC bought a new stake in Emerson Electric in the third quarter worth $33,000. Meeder Asset Management Inc. increased its position in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares during the last quarter. Finally, Morton Brown Family Wealth LLC bought a new stake in Emerson Electric in the third quarter worth $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated 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 directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by insiders.

Analysts Set New Price Targets

EMR has been the topic of several research reports. BNP Paribas initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Barclays boosted their price target 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. UBS Group began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of 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, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $132.17.

Emerson Electric Trading Down 1.6 %

NYSE EMR opened at $130.98 on Friday. The company’s 50-day moving average price is $119.51 and its 200-day moving average price is $112.08. 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 stock has a market cap of $74.60 billion, a PE ratio of 38.30, a PEG 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 disclosed 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. The ex-dividend date of this dividend 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%.

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.