Emerson Electric Co. (NYSE:EMR) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 754,701 shares of the industrial products company’s stock after acquiring an additional 35,064 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Emerson Electric were worth $82,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new position in Emerson Electric in the third quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric during the third quarter valued at $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 purchased a new stake in shares of Emerson Electric during the 3rd quarter worth about $33,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Emerson Electric in the 3rd quarter valued at about $33,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of EMR stock opened at $132.59 on Friday. The company has a market cap of $75.60 billion, a P/E ratio of 38.77, a PEG ratio of 2.23 and a beta of 1.30. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average price of $116.33 and a 200 day moving average price of $111.30. Emerson Electric Co. has a 12 month low of $87.55 and a 12 month high of $134.17.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of the business’s 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. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EMR shares. BNP Paribas began coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective for the company. UBS Group initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target for the company. Barclays boosted their price objective on Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average 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.