Investors Research Corp Has $525,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

Investors Research Corp cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 36.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,800 shares of the industrial products company’s stock after selling 2,805 shares during the quarter. Investors Research Corp’s holdings in Emerson Electric were worth $525,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the 3rd quarter valued at $25,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the third quarter valued at approximately $29,000. Transcendent Capital Group LLC bought a new stake in Emerson Electric in the first quarter valued at $31,000. Meeder Asset Management Inc. boosted its holdings 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 worth $33,000 after acquiring an additional 235 shares in the last quarter. Finally, Morton Brown Family Wealth LLC bought a new stake in Emerson Electric during the 3rd quarter valued at $33,000. 74.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Emerson Electric 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 completion of the transaction, 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 filing with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by insiders.

Emerson Electric Trading Down 0.0 %

NYSE:EMR traded down $0.05 during trading hours on Thursday, reaching $129.05. 81,362 shares of the company were exchanged, compared to its average volume of 2,730,682. Emerson Electric Co. has a 52-week low of $87.55 and a 52-week high of $131.56. The stock has a 50 day simple moving average of $112.92 and a 200 day simple moving average of $110.45. The firm has a market cap of $73.58 billion, a price-to-earnings ratio of 37.75, a PEG ratio of 2.17 and a beta of 1.30. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.64%. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio is currently 61.70%.

Analysts Set New Price Targets

EMR has been the subject of several recent analyst reports. BNP Paribas assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Wells Fargo & Company increased their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $130.00.

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.