First Commonwealth Financial Corp PA Has $766,000 Stake in Emerson Electric Co. (NYSE:EMR)

First Commonwealth Financial Corp PA grew its stake in Emerson Electric Co. (NYSE:EMR) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,008 shares of the industrial products company’s stock after purchasing an additional 125 shares during the period. First Commonwealth Financial Corp PA’s holdings in Emerson Electric were worth $766,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric during the third quarter worth $25,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the 3rd quarter worth about $29,000. Frazier Financial Advisors LLC bought a new position in Emerson Electric in the third quarter valued at about $33,000. Meeder Asset Management Inc. boosted its stake 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 valued at $33,000 after purchasing an additional 235 shares in the last quarter. Finally, Morton Brown Family Wealth LLC bought a new stake in shares of Emerson Electric during the third quarter worth about $33,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Emerson Electric

In other 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EMR shares. Morgan Stanley started coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased 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. Royal Bank of Canada cut their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $130.00.

Emerson Electric Stock Performance

Shares of NYSE EMR traded up $0.52 during mid-day trading on Wednesday, hitting $133.52. The company had a trading volume of 80,900 shares, compared to its average volume of 2,743,876. Emerson Electric Co. has a 1 year low of $87.55 and a 1 year high of $134.17. The stock’s 50-day moving average price is $115.21 and its 200-day moving average price is $111.00. 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 company has a market capitalization of $76.13 billion, a price-to-earnings ratio of 38.89, a P/E/G ratio of 2.23 and a beta of 1.30.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio 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.