Emerson Electric Co. (NYSE:EMR) SVP Michael H. Train Sells 21,525 Shares

Emerson Electric Co. (NYSE:EMR) 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 value of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Emerson Electric Stock Performance

Shares of NYSE EMR traded up $0.07 during trading on Friday, reaching $127.26. The stock had a trading volume of 2,745,507 shares, compared to its average volume of 2,732,401. The firm’s 50 day moving average price is $108.39 and its two-hundred day moving average price is $109.30. Emerson Electric Co. has a one year low of $85.00 and a one year high of $128.56. The stock has a market cap of $72.88 billion, a PE ratio of 37.21, a P/E/G ratio of 1.68 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $1.29 EPS. On average, research analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently declared 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. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.66%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norden Group LLC bought a new position in shares of Emerson Electric during the first quarter worth about $231,000. Advisory Services Network LLC grew its position in Emerson Electric by 17.3% in the 1st quarter. Advisory Services Network LLC now owns 30,470 shares of the industrial products company’s stock worth $3,456,000 after purchasing an additional 4,496 shares during the last quarter. Empirical Finance LLC increased its stake in shares of Emerson Electric by 3.4% in the first quarter. Empirical Finance LLC now owns 21,014 shares of the industrial products company’s stock valued at $2,383,000 after purchasing an additional 692 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Emerson Electric by 5.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 22,927 shares of the industrial products company’s stock valued at $2,600,000 after buying an additional 1,236 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Emerson Electric by 537.9% in the 1st quarter. Empowered Funds LLC now owns 43,863 shares of the industrial products company’s stock worth $4,975,000 after buying an additional 36,987 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wells Fargo & Company upped their target price on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday. Oppenheimer upped 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. Morgan Stanley began coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. Royal Bank of Canada reduced their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.65.

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.