Emerson Electric Co. (NYSE:EMR) Shares Sold by Miramar Capital LLC

Miramar Capital LLC decreased its position in Emerson Electric Co. (NYSE:EMR) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,815 shares of the industrial products company’s stock after selling 150 shares during the quarter. Miramar Capital LLC’s holdings in Emerson Electric were worth $527,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EMR. Thrive Wealth Management LLC raised its position in shares of Emerson Electric by 4.1% during the second quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 91 shares during the period. LCM Capital Management Inc increased its stake in Emerson Electric by 1.4% during the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock worth $748,000 after purchasing an additional 91 shares in the last quarter. Sabal Trust CO lifted its stake in Emerson Electric by 2.2% in the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock valued at $475,000 after buying an additional 93 shares in the last quarter. Catalyst Financial Partners LLC increased its position in shares of Emerson Electric by 3.7% during the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock worth $287,000 after acquiring an additional 94 shares in the last quarter. Finally, Unison Advisors LLC raised its holdings in shares of Emerson Electric by 0.5% during the second quarter. Unison Advisors LLC now owns 21,016 shares of the industrial products company’s stock worth $2,315,000 after acquiring an additional 96 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EMR shares. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. UBS Group assumed coverage on Emerson Electric in a research note on Wednesday. They issued a “neutral” rating and a $135.00 target price on the stock. KeyCorp lifted their price objective on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. BNP Paribas began coverage on shares of Emerson Electric in a research report on Wednesday. They issued an “outperform” rating and a $155.00 target price for the company. Finally, Robert W. Baird increased their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. One equities 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.00.

Emerson Electric Trading Down 1.3 %

Shares of EMR stock opened at $126.78 on Friday. The stock has a 50 day simple moving average of $111.14 and a 200 day simple moving average of $109.96. Emerson Electric Co. has a 1 year low of $87.17 and a 1 year high of $131.56. 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 $72.29 billion, a P/E ratio of 37.07, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a $0.5275 dividend. 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 1.66%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.25% of the stock is currently owned by company insiders.

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.