Townsquare Capital LLC Raises Holdings in Emerson Electric Co. (NYSE:EMR)

Townsquare Capital LLC lifted its position in Emerson Electric Co. (NYSE:EMR) by 4.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,851 shares of the industrial products company’s stock after acquiring an additional 553 shares during the quarter. Townsquare Capital LLC’s holdings in Emerson Electric were worth $1,296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EMR. Newport Trust Company LLC bought a new stake in Emerson Electric during the 2nd quarter valued at $574,908,000. Legal & General Group Plc lifted its stake in shares of Emerson Electric by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock worth $496,877,000 after purchasing an additional 224,784 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after acquiring an additional 2,016,075 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Emerson Electric by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,287,326 shares of the industrial products company’s stock valued at $359,535,000 after acquiring an additional 23,739 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Emerson Electric by 3.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,738,701 shares of the industrial products company’s stock worth $297,653,000 after purchasing an additional 88,294 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EMR has been the topic of several research analyst reports. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. UBS Group initiated coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. Barclays upped their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Oppenheimer lifted their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. One equities research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric Stock Performance

NYSE:EMR opened at $132.60 on Monday. Emerson Electric Co. has a fifty-two week low of $87.59 and a fifty-two week high of $134.17. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The company has a fifty day moving average of $116.88 and a two-hundred day moving average of $111.38. The stock has a market capitalization of $75.61 billion, a PE ratio of 38.77, a P/E/G ratio of 2.23 and a beta of 1.30.

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 given a $0.5275 dividend. 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 (DPR) is 61.70%.

Insider Buying and Selling

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

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.