Emerson Electric Co. (NYSE:EMR) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,851 shares of the industrial products company’s stock after purchasing an additional 553 shares during the quarter. Townsquare Capital LLC’s holdings in Emerson Electric were worth $1,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in shares of Emerson Electric by 21.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,487 shares of the industrial products company’s stock worth $160,000 after buying an additional 262 shares during the period. GAMMA Investing LLC boosted its position in Emerson Electric by 21.5% in the 2nd quarter. GAMMA Investing LLC now owns 5,708 shares of the industrial products company’s stock valued at $629,000 after buying an additional 1,009 shares during the period. HBW Advisory Services LLC acquired a new position in shares of Emerson Electric in the second quarter worth $212,000. Versant Capital Management Inc increased its position in shares of Emerson Electric by 471.9% during the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 269 shares during the period. Finally, Bank & Trust Co acquired a new stake in shares of Emerson Electric in the second quarter valued at $89,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EMR. Barclays raised their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. UBS Group assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. Oppenheimer upped their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. BNP Paribas started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. Finally, Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.00.

Emerson Electric Stock Performance

Shares of EMR opened at $132.60 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. The stock has a market capitalization of $75.61 billion, a P/E ratio of 38.77, a P/E/G ratio of 2.23 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $87.59 and a 1 year high of $134.17. The company’s fifty day moving average is $116.88 and its two-hundred day moving average is $111.38.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.59%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio is 61.70%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.25% of the stock is owned by corporate insiders.

About Emerson Electric

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.