Emerson Electric Co. (NYSE:EMR) Position Decreased by Clean Energy Transition LLP

Clean Energy Transition LLP reduced its stake in Emerson Electric Co. (NYSE:EMR) by 36.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,041,568 shares of the industrial products company’s stock after selling 609,177 shares during the quarter. Emerson Electric makes up approximately 5.8% of Clean Energy Transition LLP’s investment portfolio, making the stock its 5th biggest position. Clean Energy Transition LLP owned approximately 0.18% of Emerson Electric worth $113,916,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Community Bank N.A. raised its stake in shares of Emerson Electric by 1.2% in the third quarter. Community Bank N.A. now owns 55,767 shares of the industrial products company’s stock worth $6,099,000 after buying an additional 679 shares during the period. Beacon Investment Advisory Services Inc. increased its stake in shares of Emerson Electric by 5.2% in the third quarter. Beacon Investment Advisory Services Inc. now owns 6,020 shares of the industrial products company’s stock worth $658,000 after purchasing an additional 300 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Emerson Electric by 256.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 43,072 shares of the industrial products company’s stock valued at $4,712,000 after buying an additional 30,991 shares in the last quarter. Erste Asset Management GmbH bought a new position in Emerson Electric in the 3rd quarter worth $10,092,000. Finally, Plotkin Financial Advisors LLC purchased a new stake in Emerson Electric in the 3rd quarter worth $248,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business’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 completion of the transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of recent analyst reports. Oppenheimer upped their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. 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. UBS Group initiated coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley started coverage on shares of Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.11.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $132.60 on Monday. 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’s fifty day moving average price is $116.88 and its 200-day moving average price is $111.38. The firm has a market cap of $75.61 billion, a P/E ratio of 38.77, a P/E/G ratio of 2.23 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $87.59 and a 12 month high of $134.17.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. 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 yield of 1.59%. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

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.