Emerson Electric Co. (NYSE:EMR) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 11.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 669,591 shares of the industrial products company’s stock after selling 87,185 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.12% of Emerson Electric worth $73,233,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Capital Performance Advisors LLP purchased a new stake in Emerson Electric during the 3rd quarter worth about $25,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric in the third quarter valued at approximately $29,000. Frazier Financial Advisors LLC purchased a new position in Emerson Electric in the third quarter worth approximately $33,000. Meeder Asset Management Inc. grew its holdings in Emerson Electric by 361.5% during the 2nd 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 in the last quarter. Finally, Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $132.62 on Thursday. 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 company has a market cap of $75.62 billion, a PE ratio of 38.78, a P/E/G ratio of 2.23 and a beta of 1.30. The stock has a fifty day moving average price of $115.79 and a 200 day moving average price of $111.15. Emerson Electric Co. has a 1-year low of $87.55 and a 1-year high of $134.17.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a $0.5275 dividend. This is an increase 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 payout ratio is presently 61.70%.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on EMR shares. Barclays increased their target price on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Wells Fargo & Company raised their target price on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. BNP Paribas assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target for the company. KeyCorp raised their price objective on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, UBS Group began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. One 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’s stock. According to data from MarketBeat, Emerson Electric has an average 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.