Emerson Electric Co. (NYSE:EMR) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank reduced its position in Emerson Electric Co. (NYSE:EMR) by 17.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,835 shares of the industrial products company’s stock after selling 53,312 shares during the quarter. Toronto Dominion Bank’s holdings in Emerson Electric were worth $27,762,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the third quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric in the 3rd quarter valued at approximately $29,000. Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric in the third quarter worth $33,000. Meeder Asset Management Inc. increased its position in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares during the period. Finally, Morton Brown Family Wealth LLC purchased a new position in Emerson Electric in the third quarter valued at $33,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on EMR. Deutsche Bank Aktiengesellschaft upped their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. 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 on the stock. UBS Group began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target for the company. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Royal Bank of Canada lowered their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.17.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $130.90 on Thursday. The stock has a market capitalization of $74.55 billion, a price-to-earnings ratio of 38.27, a PEG ratio of 2.20 and a beta of 1.34. The firm’s fifty day simple moving average is $120.33 and its 200-day simple moving average is $112.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a 12 month low of $89.17 and a 12 month high of $134.85.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.61%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

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.