Assenagon Asset Management S.A. Has $47.89 Million Position in Emerson Electric Co. (NYSE:EMR)

Assenagon Asset Management S.A. decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 54.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 386,425 shares of the industrial products company’s stock after selling 461,671 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.07% of Emerson Electric worth $47,890,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in Emerson Electric in the 3rd quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the third quarter valued at approximately $29,000. Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric during the third quarter worth approximately $33,000. Frazier Financial Advisors LLC acquired a new stake in Emerson Electric during the 3rd quarter worth approximately $33,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Emerson Electric in the 3rd quarter valued at $43,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

NYSE EMR opened at $120.75 on Thursday. The firm’s fifty day moving average price is $127.30 and its two-hundred day moving average price is $115.01. The stock has a market cap of $68.77 billion, a PE ratio of 35.31, a PEG ratio of 2.19 and a beta of 1.35. 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 $91.64 and a fifty-two week high of $134.85.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is presently 61.70%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EMR. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Barclays increased their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft increased their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird lifted their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.89.

Emerson Electric 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.