BNP Paribas Increases Stake in Emerson Electric Co. (NYSE:EMR)

BNP Paribas grew its stake in Emerson Electric Co. (NYSE:EMR) by 8,020.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 8,120 shares of the industrial products company’s stock after buying an additional 8,020 shares during the quarter. BNP Paribas’ holdings in Emerson Electric were worth $890,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Emerson Electric by 1,796.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 495,000 shares of the industrial products company’s stock worth $54,138,000 after purchasing an additional 468,898 shares during the last quarter. Townsquare Capital LLC lifted its stake in Emerson Electric by 4.9% during the third quarter. Townsquare Capital LLC now owns 11,851 shares of the industrial products company’s stock worth $1,296,000 after purchasing an additional 553 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Emerson Electric during the third quarter worth approximately $144,000. Quantbot Technologies LP purchased a new stake in Emerson Electric during the third quarter worth approximately $5,918,000. Finally, Dai ichi Life Insurance Company Ltd lifted its stake in Emerson Electric by 38.5% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 97,590 shares of the industrial products company’s stock worth $10,673,000 after purchasing an additional 27,149 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.3 %

NYSE:EMR opened at $132.62 on Thursday. The stock’s 50 day simple moving average is $115.79 and its 200-day simple moving average is $111.15. Emerson Electric Co. has a 12-month low of $87.55 and a 12-month high of $134.17. The firm has a market cap of $75.62 billion, a P/E ratio of 38.78, a PEG ratio of 2.23 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 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 issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 61.70%.

Analysts Set New Price Targets

EMR has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. KeyCorp lifted their price target on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. UBS Group assumed coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. Finally, StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is currently owned by corporate 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.