Cable Hill Partners LLC Reduces Stock Position in Emerson Electric Co. (NYSE:EMR)

Cable Hill Partners LLC decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 8.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,994 shares of the industrial products company’s stock after selling 285 shares during the period. Cable Hill Partners LLC’s holdings in Emerson Electric were worth $327,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Main Street Financial Solutions LLC boosted its holdings in shares of Emerson Electric by 3.0% in the 3rd quarter. Main Street Financial Solutions LLC now owns 8,862 shares of the industrial products company’s stock worth $969,000 after purchasing an additional 261 shares during the period. ICICI Prudential Asset Management Co Ltd boosted its stake in Emerson Electric by 91.1% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 71,256 shares of the industrial products company’s stock worth $7,793,000 after buying an additional 33,978 shares during the period. Credit Capital Investments LLC bought a new position in Emerson Electric during the third quarter valued at $273,000. Pinnacle Financial Partners Inc raised its stake in shares of Emerson Electric by 14.6% in the third quarter. Pinnacle Financial Partners Inc now owns 292,950 shares of the industrial products company’s stock valued at $32,040,000 after acquiring an additional 37,304 shares during the period. Finally, Haverford Trust Co lifted its holdings in shares of Emerson Electric by 0.9% in the 3rd quarter. Haverford Trust Co now owns 47,020 shares of the industrial products company’s stock worth $5,143,000 after acquiring an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock opened at $130.16 on Thursday. The firm has a market cap of $74.54 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 2.16 and a beta of 1.30. Emerson Electric Co. has a 52-week low of $87.17 and a 52-week high of $131.56. 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 company’s 50 day moving average is $109.40 and its 200 day moving average is $109.56.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s payout ratio is presently 61.40%.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated Wednesday, November 6th. The stock was 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 $33,052,911.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Morgan Stanley began coverage on Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price target for the company. Royal Bank of Canada cut their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Oppenheimer lifted their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

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.