O Brien Greene & Co. Inc Sells 2,540 Shares of Emerson Electric Co. (NYSE:EMR)

O Brien Greene & Co. Inc decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 13.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,261 shares of the industrial products company’s stock after selling 2,540 shares during the quarter. O Brien Greene & Co. Inc’s holdings in Emerson Electric were worth $1,779,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric during the 3rd quarter worth about $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the third quarter worth approximately $29,000. Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric in the 3rd quarter worth approximately $33,000. Meeder Asset Management Inc. increased its holdings in 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 purchasing an additional 235 shares in the last quarter. Finally, Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the 3rd quarter valued at $33,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EMR shares. Morgan Stanley started coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective for the company. UBS Group began coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target on the stock. Robert W. Baird upped their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada cut their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. One 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $132.17.

Emerson Electric Stock Down 1.6 %

Shares of EMR stock opened at $130.98 on Monday. Emerson Electric Co. has a 12-month low of $87.71 and a 12-month high of $134.85. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average of $119.51 and a 200-day moving average of $112.07. The company has a market capitalization of $74.60 billion, a price-to-earnings ratio of 38.30, a P/E/G ratio of 2.20 and a beta of 1.34.

Emerson Electric Increases Dividend

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

Insider Transactions at Emerson Electric

In related 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 completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is owned by insiders.

Emerson Electric Company 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.