Quest Partners LLC Raises Holdings in Emerson Electric Co. (NYSE:EMR)

Quest Partners LLC lifted its position in Emerson Electric Co. (NYSE:EMR) by 664.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,357 shares of the industrial products company’s stock after purchasing an additional 2,918 shares during the quarter. Quest Partners LLC’s holdings in Emerson Electric were worth $367,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EMR. Price T Rowe Associates Inc. MD boosted its stake in Emerson Electric by 15.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,106,633 shares of the industrial products company’s stock worth $125,515,000 after purchasing an additional 149,446 shares during the period. SVB Wealth LLC grew its holdings in shares of Emerson Electric by 4.1% during the first quarter. SVB Wealth LLC now owns 10,401 shares of the industrial products company’s stock worth $1,180,000 after buying an additional 405 shares during the last quarter. Waverly Advisors LLC increased its position in Emerson Electric by 2.1% in the 1st quarter. Waverly Advisors LLC now owns 15,925 shares of the industrial products company’s stock valued at $1,806,000 after acquiring an additional 321 shares during the period. Interval Partners LP purchased a new stake in Emerson Electric during the 1st quarter valued at approximately $12,713,000. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of Emerson Electric by 15.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 37,845 shares of the industrial products company’s stock valued at $4,292,000 after purchasing an additional 4,923 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares of the company’s stock, 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 available at the SEC website. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on EMR. Royal Bank of Canada decreased their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. KeyCorp increased their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. UBS Group started coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. Finally, Barclays raised their price target on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.00.

Emerson Electric Stock Performance

Emerson Electric stock opened at $130.07 on Monday. 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 fifty-two week low of $87.55 and a fifty-two week high of $131.56. The stock has a fifty day moving average of $114.02 and a two-hundred day moving average of $110.75. The company has a market capitalization of $74.17 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 2.15 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. Shareholders of record on Friday, November 15th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.62%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. 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.