Truvestments Capital LLC Grows Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Truvestments Capital LLC increased its stake in Emerson Electric Co. (NYSE:EMR) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,543 shares of the industrial products company’s stock after purchasing an additional 608 shares during the quarter. Truvestments Capital LLC’s holdings in Emerson Electric were worth $2,575,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. grew its holdings in shares of Emerson Electric by 1.2% in the third quarter. Brown Brothers Harriman & Co. now owns 48,497 shares of the industrial products company’s stock worth $5,304,000 after acquiring an additional 573 shares during the period. Loomis Sayles & Co. L P boosted its position in Emerson Electric by 164.3% in the third quarter. Loomis Sayles & Co. L P now owns 94,061 shares of the industrial products company’s stock worth $10,287,000 after purchasing an additional 58,476 shares during the last quarter. DRW Securities LLC grew its stake in shares of Emerson Electric by 195.8% during the 3rd quarter. DRW Securities LLC now owns 6,272 shares of the industrial products company’s stock valued at $686,000 after purchasing an additional 4,152 shares during the period. Independent Advisor Alliance increased its position in shares of Emerson Electric by 0.6% during the 3rd quarter. Independent Advisor Alliance now owns 31,381 shares of the industrial products company’s stock valued at $3,432,000 after purchasing an additional 176 shares during the last quarter. Finally, Concentric Wealth Management LLC lifted its stake in shares of Emerson Electric by 0.9% in the 3rd quarter. Concentric Wealth Management LLC now owns 27,584 shares of the industrial products company’s stock worth $3,017,000 after purchasing an additional 240 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 0.7 %

Shares of Emerson Electric stock opened at $130.94 on Monday. 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 $74.66 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 2.18 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $87.55 and a twelve month high of $131.56. The business has a 50-day moving average price of $114.02 and a 200-day moving average price of $110.75.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.61%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio is 61.70%.

Analysts Set New Price Targets

EMR has been the subject of a number of research reports. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. 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 on the stock. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. downgraded 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. Finally, KeyCorp boosted their price objective on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research note 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.00.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction 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 represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.25% of the company’s stock.

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.