Emerson Electric Co. (NYSE:EMR) Shares Sold by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC lowered its position in Emerson Electric Co. (NYSE:EMR) by 7.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 49,439 shares of the industrial products company’s stock after selling 3,960 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Emerson Electric were worth $5,407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Capital Performance Advisors LLP acquired a new position in Emerson Electric during the 3rd quarter worth $25,000. Transcendent Capital Group LLC bought a new stake in shares of Emerson Electric during the first quarter valued at about $31,000. Meeder Asset Management Inc. lifted its holdings 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 period. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the 3rd quarter valued at about $33,000. Finally, Versant Capital Management Inc raised its position in shares of Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after buying an additional 269 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Emerson Electric Stock Performance

Shares of EMR stock opened at $126.78 on Friday. The stock’s fifty day simple moving average is $111.14 and its 200-day simple moving average is $109.98. The company has a market capitalization of $72.29 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 2.18 and a beta of 1.30. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 1-year low of $87.17 and a 1-year high of $131.56.

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 $0.5275 dividend. This is an increase 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 1.66%. Emerson Electric’s dividend payout ratio is currently 61.70%.

Wall Street Analyst Weigh In

EMR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Morgan Stanley started coverage on Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective for the company. Wells Fargo & Company lifted their target price on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Finally, KeyCorp lifted their price objective on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $130.00.

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.