Short Interest in Emerson Electric Co. (NYSE:EMR) Expands By 9.1%

Emerson Electric Co. (NYSE:EMR) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 12,260,000 shares, a growth of 9.1% from the November 30th total of 11,240,000 shares. Based on an average trading volume of 2,930,000 shares, the days-to-cover ratio is presently 4.2 days. Currently, 2.2% of the shares of the company are sold short.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’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. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Emerson Electric

A number of large investors have recently made changes to their positions in EMR. Capital Performance Advisors LLP purchased a new stake in Emerson Electric in the third quarter valued at $25,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric during the 3rd quarter worth approximately $29,000. Meeder Asset Management Inc. lifted its stake 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. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric during the third quarter worth approximately $33,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Emerson Electric in the 3rd quarter valued at $33,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 0.3 %

Shares of Emerson Electric stock traded down $0.33 during mid-day trading on Wednesday, hitting $123.93. The stock had a trading volume of 2,171,566 shares, compared to its average volume of 2,768,892. The firm has a 50-day moving average of $125.35 and a two-hundred day moving average of $114.19. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm has a market cap of $70.58 billion, a P/E ratio of 36.24, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. Emerson Electric has a 12-month low of $91.64 and a 12-month high of $134.85.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.70%. The ex-dividend date was Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EMR. UBS Group initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective for the company. Oppenheimer increased their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Royal Bank of Canada lowered their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. KeyCorp increased their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Barclays boosted their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.58.

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.