Brown Brothers Harriman & Co. Increases Stake in Emerson Electric Co. (NYSE:EMR)

Brown Brothers Harriman & Co. lifted its stake in Emerson Electric Co. (NYSE:EMR) by 1.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,497 shares of the industrial products company’s stock after buying an additional 573 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Emerson Electric were worth $5,304,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Newport Trust Company LLC purchased a new position in shares of Emerson Electric during the second quarter valued at about $574,908,000. Pathway Financial Advisers LLC boosted its stake in Emerson Electric by 10,993.2% during the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after buying an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp grew its holdings in Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after buying an additional 2,016,075 shares in the last quarter. Swedbank AB raised its holdings in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after acquiring an additional 1,424,800 shares in the last quarter. Finally, Perpetual Ltd boosted its position in shares of Emerson Electric by 57,336.1% during the 3rd quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock valued at $131,918,000 after acquiring an additional 1,204,058 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 2.1 %

NYSE EMR opened at $132.79 on Tuesday. Emerson Electric Co. has a 12 month low of $87.55 and a 12 month high of $133.54. The company’s 50-day moving average price is $114.63 and its 200-day moving average price is $110.88. The stock has a market cap of $75.72 billion, a PE ratio of 38.83, a PEG 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.59%. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of the firm’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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the topic of several research reports. BNP Paribas initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Oppenheimer increased their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Royal Bank of Canada reduced their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, UBS Group initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. One research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.