Emerson Electric Co. (NYSE:EMR) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,346 shares of the industrial products company’s stock after selling 1,798 shares during the period. Pathstone Holdings LLC’s holdings in Emerson Electric were worth $8,897,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of EMR. Farther Finance Advisors LLC increased its position in shares of Emerson Electric by 55.0% in the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after buying an additional 3,060 shares in the last quarter. Bank of Montreal Can increased its holdings in Emerson Electric by 17.0% during the 2nd quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock valued at $152,359,000 after acquiring an additional 194,944 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in 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 worth $7,578,000 after acquiring an additional 5,416 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of 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 valued at $435,000 after purchasing an additional 1,792 shares in the last quarter. Finally, Proactive Wealth Strategies LLC purchased a new position in shares of Emerson Electric during the 3rd quarter worth approximately $443,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE EMR opened at $128.38 on Friday. The business’s 50-day simple moving average is $113.46 and its 200-day simple moving average is $110.58. The firm has a market capitalization of $73.20 billion, a P/E ratio of 37.54, a P/E/G ratio of 2.17 and a beta of 1.30. Emerson Electric Co. has a 1-year low of $87.55 and a 1-year high of $131.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. 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 1.64%. The ex-dividend date is Friday, November 15th. Emerson Electric’s payout ratio is currently 61.70%.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction on Wednesday, November 6th. The stock was 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 in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EMR shares. BNP Paribas began coverage on Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price on the stock. Wells Fargo & Company increased their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Robert W. Baird upped their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. UBS Group initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target for the company. Finally, KeyCorp upped their price objective on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Emerson Electric has an average 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.