Bank of Montreal Can Sells 604,715 Shares of Emerson Electric Co. (NYSE:EMR)

Bank of Montreal Can lessened its stake in Emerson Electric Co. (NYSE:EMR) by 45.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 734,586 shares of the industrial products company’s stock after selling 604,715 shares during the quarter. Bank of Montreal Can owned 0.13% of Emerson Electric worth $80,232,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in shares of Emerson Electric by 55.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after purchasing an additional 3,060 shares during the period. Dynamic Advisor Solutions LLC raised its position in 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 valued at $7,578,000 after buying an additional 5,416 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in Emerson Electric by 82.0% in 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 acquiring an additional 1,792 shares in the last quarter. Proactive Wealth Strategies LLC bought a new position in shares of Emerson Electric during the 3rd quarter worth approximately $443,000. Finally, ORG Partners LLC raised its holdings in shares of Emerson Electric by 28,589.5% in the second quarter. ORG Partners LLC now owns 5,451 shares of the industrial products company’s stock valued at $589,000 after purchasing an additional 5,432 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s 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 transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Oppenheimer increased their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Royal Bank of Canada decreased their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Emerson Electric Stock Performance

NYSE:EMR opened at $133.01 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $115.21 and a 200 day simple moving average of $111.00. Emerson Electric Co. has a 1-year low of $87.55 and a 1-year high of $134.17. The stock has a market cap of $75.84 billion, a P/E ratio of 38.89, a PEG ratio of 2.18 and a beta of 1.30.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a $0.5275 dividend. 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. This represents a $2.11 annualized dividend and a dividend yield of 1.59%. 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.