Emerson Electric Co. (NYSE:EMR) Shares Bought by DRW Securities LLC

DRW Securities LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 195.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,272 shares of the industrial products company’s stock after buying an additional 4,152 shares during the period. DRW Securities LLC’s holdings in Emerson Electric were worth $686,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Thrive Wealth Management LLC lifted its stake 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 valued at $255,000 after buying an additional 91 shares during the period. LCM Capital Management Inc lifted its stake in shares of 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 during the period. Sabal Trust CO boosted its holdings in shares of Emerson Electric by 2.2% during the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock worth $475,000 after purchasing an additional 93 shares during the last quarter. Catalyst Financial Partners LLC increased its stake in Emerson Electric by 3.7% in the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 94 shares during the last quarter. Finally, Unison Advisors LLC lifted its position in 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 buying an additional 96 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on EMR shares. BNP Paribas initiated coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective for the company. KeyCorp increased their price target 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. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, November 22nd. Finally, Morgan Stanley assumed coverage on Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price target for the company. One investment 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric Stock Performance

NYSE:EMR opened at $133.01 on Wednesday. Emerson Electric Co. has a 1-year low of $87.55 and a 1-year high of $134.17. The stock has a market cap of $75.84 billion, a P/E ratio of 38.89, a PEG ratio of 2.18 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The firm has a 50-day moving average of $115.21 and a two-hundred day moving average of $111.00.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.59%. Emerson Electric’s payout ratio is currently 61.70%.

Insider Buying and Selling at Emerson Electric

In related 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 value of $2,711,289.00. Following 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 SEC, which is accessible through this link. 0.25% of the stock is currently owned by corporate insiders.

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.