TCW Group Inc. Sells 1,871 Shares of Emerson Electric Co. (NYSE:EMR)

TCW Group Inc. cut its stake in Emerson Electric Co. (NYSE:EMR) by 14.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,059 shares of the industrial products company’s stock after selling 1,871 shares during the quarter. TCW Group Inc.’s holdings in Emerson Electric were worth $1,210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new position in Emerson Electric in the third quarter worth about $25,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric in the 3rd quarter valued at approximately $29,000. Frazier Financial Advisors LLC bought a new stake in shares of Emerson Electric during the third quarter valued at approximately $33,000. Meeder Asset Management Inc. grew its stake 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 purchasing an additional 235 shares during the period. Finally, Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the third quarter worth $33,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $131.16 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 12-month low of $90.66 and a 12-month high of $134.85. The firm has a market capitalization of $74.70 billion, a price-to-earnings ratio of 38.35, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. The firm has a 50 day moving average of $120.74 and a 200 day moving average of $112.43.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.61%. The ex-dividend date was Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is currently 61.70%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EMR shares. Oppenheimer upped their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a report on Thursday. They issued a “buy” rating and a $160.00 price objective on the stock. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Sunday, December 8th. Wells Fargo & Company raised their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada dropped their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $134.58.

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.