Emerson Electric Co. (NYSE:EMR) Shares Bought by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,956 shares of the industrial products company’s stock after purchasing an additional 750 shares during the period. EagleClaw Capital Managment LLC’s holdings in Emerson Electric were worth $2,729,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Newport Trust Company LLC bought a new stake in shares of Emerson Electric in the 2nd quarter worth $574,908,000. Pathway Financial Advisers LLC lifted its holdings in Emerson Electric by 10,993.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after acquiring an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of 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 purchasing an additional 2,016,075 shares in the last quarter. Swedbank AB raised its holdings in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares in the last quarter. Finally, Perpetual Ltd lifted its stake in Emerson Electric by 57,336.1% during the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock valued at $131,918,000 after purchasing an additional 1,204,058 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on EMR. BNP Paribas assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price on the stock. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Royal Bank of Canada lowered their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Barclays upped their target price on Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company lifted their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. One investment 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.00.

Emerson Electric Price Performance

Shares of NYSE EMR traded up $0.43 during mid-day trading on Wednesday, reaching $129.99. The company had a trading volume of 113,738 shares, compared to its average volume of 2,732,842. The business’s 50-day simple moving average is $112.34 and its 200 day simple moving average is $110.32. The firm has a market cap of $74.12 billion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.13 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. Emerson Electric Co. has a one year low of $87.55 and a one year high of $131.56.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Friday, November 15th. Emerson Electric’s payout ratio is 61.70%.

Insider Activity at Emerson Electric

In other 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 transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is owned by company 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.