D.A. Davidson & CO. Sells 16,799 Shares of Emerson Electric Co. (NYSE:EMR)

D.A. Davidson & CO. reduced its stake in Emerson Electric Co. (NYSE:EMR) by 11.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,781 shares of the industrial products company’s stock after selling 16,799 shares during the quarter. D.A. Davidson & CO.’s holdings in Emerson Electric were worth $13,647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EMR. Beacon Capital Management LLC lifted its position in Emerson Electric by 418.8% in the 1st quarter. Beacon Capital Management LLC now owns 607 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 490 shares in the last quarter. Jaffetilchin Investment Partners LLC lifted its position in Emerson Electric by 3.8% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 4,528 shares of the industrial products company’s stock valued at $514,000 after acquiring an additional 164 shares in the last quarter. iA Global Asset Management Inc. bought a new position in Emerson Electric in the 1st quarter valued at approximately $10,005,000. Plato Investment Management Ltd lifted its position in Emerson Electric by 1,544.2% in the 1st quarter. Plato Investment Management Ltd now owns 11,707 shares of the industrial products company’s stock valued at $1,328,000 after acquiring an additional 10,995 shares in the last quarter. Finally, New Covenant Trust Company N.A. bought a new position in Emerson Electric in the 1st quarter valued at approximately $55,000. 74.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Emerson Electric 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 transaction of $2,711,289.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EMR. Wells Fargo & Company upped their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Oppenheimer increased their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Morgan Stanley assumed coverage on Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target on the stock. Finally, StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Emerson Electric Trading Up 0.2 %

Shares of EMR stock opened at $133.01 on Wednesday. Emerson Electric Co. has a 52-week low of $87.55 and a 52-week high of $134.17. 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 firm has a market capitalization of $75.84 billion, a PE ratio of 38.89, a PEG ratio of 2.23 and a beta of 1.30. The stock has a fifty day simple moving average of $115.21 and a two-hundred day simple moving average of $111.00.

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 $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.59%. 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 presently 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.