Studio Investment Management LLC Cuts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Studio Investment Management LLC reduced its stake in Emerson Electric Co. (NYSE:EMR) by 8.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,691 shares of the industrial products company’s stock after selling 149 shares during the quarter. Studio Investment Management LLC’s holdings in Emerson Electric were worth $185,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in 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 worth $931,000 after acquiring an additional 3,060 shares during the period. Bank of Montreal Can grew its position in Emerson Electric by 17.0% during the second 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 during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of Emerson Electric by 8.5% in the 3rd 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 grew its holdings in shares of Emerson Electric by 82.0% during the 3rd 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 during the last quarter. Finally, Proactive Wealth Strategies LLC purchased a new position in Emerson Electric in the 3rd quarter worth $443,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

EMR opened at $130.07 on Friday. Emerson Electric Co. has a 12-month low of $87.55 and a 12-month high of $131.56. The company has a market cap of $74.17 billion, a price-to-earnings ratio of 38.03, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30. The stock has a fifty day simple moving average of $114.02 and a two-hundred day simple moving average of $110.74. 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 given a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Friday, November 15th. Emerson Electric’s payout ratio is currently 61.70%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EMR shares. JPMorgan Chase & Co. cut 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 report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company upped their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Robert W. Baird raised their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Morgan Stanley began coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus 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 the company’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 owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.25% of the stock is owned by corporate 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.