Emerson Electric Co. (NYSE:EMR) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 20.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 245,704 shares of the industrial products company’s stock after selling 63,462 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Emerson Electric were worth $26,873,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Providence Capital Advisors LLC boosted its holdings in Emerson Electric by 201,785.7% during the third quarter. Providence Capital Advisors LLC now owns 56,528 shares of the industrial products company’s stock worth $6,182,000 after buying an additional 56,500 shares in the last quarter. First Commonwealth Financial Corp PA boosted its stake in shares of Emerson Electric by 1.8% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 7,008 shares of the industrial products company’s stock worth $766,000 after acquiring an additional 125 shares in the last quarter. True Vision MN LLC grew its holdings in shares of Emerson Electric by 12.2% in the 3rd quarter. True Vision MN LLC now owns 4,204 shares of the industrial products company’s stock worth $460,000 after acquiring an additional 457 shares during the last quarter. CreativeOne Wealth LLC raised its position in shares of Emerson Electric by 121.8% during the third quarter. CreativeOne Wealth LLC now owns 5,065 shares of the industrial products company’s stock worth $554,000 after purchasing an additional 2,781 shares during the period. Finally, BNP Paribas boosted its position in shares of Emerson Electric by 8,020.0% in the 3rd quarter. BNP Paribas now owns 8,120 shares of the industrial products company’s stock valued at $890,000 after purchasing an additional 8,020 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on EMR. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer raised their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Saturday. 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. Finally, UBS Group initiated coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is owned by company insiders.

Emerson Electric Stock Up 0.0 %

Emerson Electric stock opened at $132.62 on Friday. The company has a market capitalization of $75.62 billion, a P/E ratio of 38.78, a P/E/G ratio of 2.23 and a beta of 1.30. Emerson Electric Co. has a 1-year low of $87.59 and a 1-year high of $134.17. The firm’s fifty day simple moving average is $116.88 and its 200-day simple moving average is $111.42. 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 Increases Dividend

The business 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 dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is 61.70%.

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.