UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Emerson Electric Co. (NYSE:EMR) by 3.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,523,394 shares of the industrial products company’s stock after acquiring an additional 132,186 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Emerson Electric were worth $385,354,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes 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 acquired a new position in shares of Emerson Electric in the third quarter worth about $29,000. Meeder Asset Management Inc. raised its position in shares of 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 during the period. Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric in the third quarter worth about $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric in the third quarter worth about $33,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred 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 completion of 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

Emerson Electric stock opened at $132.59 on Friday. The firm has a 50 day simple moving average of $116.33 and a 200-day simple moving average of $111.30. Emerson Electric Co. has a 1-year low of $87.55 and a 1-year high of $134.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The stock has a market cap of $75.60 billion, a price-to-earnings ratio of 38.77, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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. The ex-dividend date is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.59%. Emerson Electric’s dividend payout ratio is 61.70%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EMR. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. Robert W. Baird upped their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Wells Fargo & Company upped their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric 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.