Jensen Investment Management Inc. Sells 490 Shares of Emerson Electric Co. (NYSE:EMR)

Jensen Investment Management Inc. lessened its stake in Emerson Electric Co. (NYSE:EMR) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 93,430 shares of the industrial products company’s stock after selling 490 shares during the period. Jensen Investment Management Inc.’s holdings in Emerson Electric were worth $10,218,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norden Group LLC bought a new position in Emerson Electric in the first quarter valued at about $231,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Emerson Electric by 5.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 22,927 shares of the industrial products company’s stock valued at $2,600,000 after purchasing an additional 1,236 shares during the last quarter. PFG Advisors raised its stake in shares of Emerson Electric by 3.8% during the first quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock worth $294,000 after buying an additional 96 shares during the last quarter. Montag A & Associates Inc. boosted its stake in Emerson Electric by 122.4% in the first quarter. Montag A & Associates Inc. now owns 18,775 shares of the industrial products company’s stock valued at $2,129,000 after acquiring an additional 10,333 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its holdings in Emerson Electric by 12.4% during the 1st quarter. Atomi Financial Group Inc. now owns 3,394 shares of the industrial products company’s stock worth $385,000 after acquiring an additional 375 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.1 %

Shares of Emerson Electric stock traded up $0.07 on Friday, reaching $127.26. 2,748,179 shares of the company were exchanged, compared to its average volume of 2,680,459. Emerson Electric Co. has a one year low of $85.00 and a one year high of $128.56. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $108.39 and a 200 day moving average of $109.30. The company has a market capitalization of $72.88 billion, a price-to-earnings ratio of 37.21, a PEG ratio of 1.94 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.29 EPS. On average, equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders 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 yield of 1.66%. The ex-dividend date is Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is 61.40%.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

EMR has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. Barclays boosted their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday. Robert W. Baird lifted their price target 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. Royal Bank of Canada dropped their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley assumed coverage on Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.