Lifeworks Advisors LLC Increases Holdings in Emerson Electric Co. (NYSE:EMR)

Lifeworks Advisors LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 15.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,217 shares of the industrial products company’s stock after buying an additional 558 shares during the period. Lifeworks Advisors LLC’s holdings in Emerson Electric were worth $461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Emerson Electric by 6.3% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,667 shares of the industrial products company’s stock worth $1,714,000 after buying an additional 928 shares during the last quarter. Metis Global Partners LLC lifted its holdings in Emerson Electric by 1.6% during the 3rd quarter. Metis Global Partners LLC now owns 18,237 shares of the industrial products company’s stock worth $1,995,000 after buying an additional 280 shares during the last quarter. Curi RMB Capital LLC lifted its holdings in Emerson Electric by 5.1% during the 3rd quarter. Curi RMB Capital LLC now owns 14,750 shares of the industrial products company’s stock worth $1,613,000 after buying an additional 721 shares during the last quarter. Huntington National Bank lifted its holdings in Emerson Electric by 4.1% during the 3rd quarter. Huntington National Bank now owns 782,095 shares of the industrial products company’s stock worth $85,538,000 after buying an additional 31,075 shares during the last quarter. Finally, Summit Asset Management LLC increased its position in shares of Emerson Electric by 20.6% during the third quarter. Summit Asset Management LLC now owns 12,451 shares of the industrial products company’s stock worth $1,362,000 after purchasing an additional 2,124 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. BNP Paribas assumed coverage on Emerson Electric in a research report on Wednesday. They set an “outperform” rating and a $155.00 target price on the stock. Oppenheimer lifted their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Wells Fargo & Company lifted their target price on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, Barclays boosted their price target on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. One equities 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric Trading Down 0.9 %

Shares of Emerson Electric stock opened at $129.05 on Friday. Emerson Electric Co. has a fifty-two week low of $87.17 and a fifty-two week high of $131.56. The firm has a market cap of $73.58 billion, a PE ratio of 37.73, a P/E/G ratio of 2.18 and a beta of 1.30. The business’s fifty day moving average is $109.98 and its two-hundred day moving average is $109.71. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders 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 1.64%. The ex-dividend date is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 61.40%.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction on Wednesday, November 6th. The stock was 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 $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.25% of the company’s stock.

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.