Emerson Electric Co. (NYSE:EMR) Shares Acquired by Fiduciary Trust Co

Fiduciary Trust Co increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 151,845 shares of the industrial products company’s stock after buying an additional 2,065 shares during the quarter. Fiduciary Trust Co’s holdings in Emerson Electric were worth $16,607,000 as of its most recent SEC filing.

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

Emerson Electric Price Performance

EMR stock opened at $132.62 on Thursday. The stock’s 50 day moving average price is $115.79 and its 200 day moving average price is $111.15. The firm has a market cap of $75.62 billion, a P/E ratio of 38.78, a PEG ratio of 2.23 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. Emerson Electric Co. has a 1 year low of $87.55 and a 1 year high of $134.17.

Emerson Electric Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on EMR shares. BNP Paribas started coverage on shares of 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 Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target on the stock. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. KeyCorp boosted their target price on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

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 dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, 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 Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is currently owned by company insiders.

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.