Emerson Electric Co. (NYSE:EMR) Shares Sold by Palisade Asset Management LLC

Palisade Asset Management LLC decreased its position in Emerson Electric Co. (NYSE:EMR) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,246 shares of the industrial products company’s stock after selling 851 shares during the period. Palisade Asset Management LLC’s holdings in Emerson Electric were worth $3,855,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EMR. Farther Finance Advisors LLC increased its position in Emerson Electric by 55.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after acquiring an additional 3,060 shares during the period. Bank of Montreal Can increased its holdings in shares of Emerson Electric by 17.0% during the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock valued at $152,359,000 after purchasing an additional 194,944 shares during the period. Dynamic Advisor Solutions LLC raised its stake in shares of Emerson Electric by 8.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock valued at $7,578,000 after purchasing an additional 5,416 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in Emerson Electric by 82.0% in the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock worth $435,000 after purchasing an additional 1,792 shares during the period. Finally, Proactive Wealth Strategies LLC acquired a new position in Emerson Electric during the 3rd quarter valued at about $443,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insiders Place Their Bets

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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $130.07 on Friday. The company’s fifty day moving average is $114.02 and its two-hundred day moving average is $110.74. The company has a market cap of $74.17 billion, a P/E ratio of 38.03, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30. Emerson Electric Co. has a 12-month low of $87.55 and a 12-month 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.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio is currently 61.70%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday. KeyCorp lifted their price target on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada cut their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Barclays raised their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price 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.