King Luther Capital Management Corp Has $225.59 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

King Luther Capital Management Corp boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.6% in the third quarter, Holdings Channel reports. The fund owned 2,062,628 shares of the industrial products company’s stock after acquiring an additional 89,877 shares during the period. King Luther Capital Management Corp’s holdings in Emerson Electric were worth $225,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Newport Trust Company LLC acquired a new stake in Emerson Electric in the 2nd quarter valued at approximately $574,908,000. Legal & General Group Plc boosted its holdings in Emerson Electric by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock valued at $496,877,000 after purchasing an additional 224,784 shares during the period. Van ECK Associates Corp grew its position in Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after purchasing an additional 2,016,075 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Emerson Electric by 3.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,738,701 shares of the industrial products company’s stock valued at $297,653,000 after buying an additional 88,294 shares during the last quarter. Finally, Swedbank AB grew its position in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after buying an additional 1,424,800 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

NYSE EMR opened at $129.10 on Thursday. The company has a 50-day simple moving average of $112.92 and a two-hundred day simple moving average of $110.45. Emerson Electric Co. has a 12-month low of $87.55 and a 12-month high of $131.56. The firm has a market cap of $73.61 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 quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s payout ratio is 61.70%.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s 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 sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on EMR. Robert W. Baird raised their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective for the company. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. KeyCorp increased their target price on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company upped their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average 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.