Emerson Electric Co. (NYSE:EMR) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,025 shares of the industrial products company’s stock after selling 743 shares during the period. Hantz Financial Services Inc.’s holdings in Emerson Electric were worth $3,503,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of EMR. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric during the 3rd quarter worth $29,000. Frazier Financial Advisors LLC purchased a new stake in Emerson Electric in the 3rd quarter valued at about $33,000. Meeder Asset Management Inc. lifted its position in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the last quarter. Finally, Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric during the third quarter valued at about $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target for the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Finally, Barclays boosted their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $130.00.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the 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 transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is owned by corporate insiders.

Emerson Electric Stock Performance

NYSE:EMR opened at $132.60 on Friday. The firm has a market capitalization of $75.61 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 2.23 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 business’s fifty day moving average price is $116.88 and its 200 day moving average price is $111.40. 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 declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.59%. 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. Emerson Electric’s dividend payout ratio is 61.70%.

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.