Emerson Electric Co. $EMR Stock Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 8.7% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 379,154 shares of the industrial products company's stock after selling 36,075 shares during the quarter. Commonwealth Equity Services LLC owned about 0.07% of Emerson Electric worth $58,807,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Schmidt P J Investment Management Inc. boosted its holdings in Emerson Electric by 7.2% in the third quarter. Schmidt P J Investment Management Inc. now owns 4,817 shares of the industrial products company's stock worth $747,000 after purchasing an additional 323 shares during the last quarter. Pathway Financial Advisers LLC raised its stake in Emerson Electric by 2.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 22,960 shares of the industrial products company's stock valued at $3,561,000 after buying an additional 468 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in Emerson Electric by 27.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 20,518 shares of the industrial products company's stock valued at $3,315,000 after buying an additional 4,439 shares during the last quarter. 3Chopt Investment Partners LLC lifted its holdings in shares of Emerson Electric by 25.2% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 3,348 shares of the industrial products company's stock valued at $519,000 after buying an additional 673 shares during the period. Finally, Rakuten Investment Management Inc. lifted its holdings in shares of Emerson Electric by 9.3% during the 3rd quarter. Rakuten Investment Management Inc. now owns 100,269 shares of the industrial products company's stock valued at $15,766,000 after buying an additional 8,549 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the transaction, the chief executive officer directly owned 271,743 shares of the company's stock, valued at $43,997,909.13. The trade was a 3.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Mizuho raised their price target on Emerson Electric from $173.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, October 15th. Citigroup upped their price objective on Emerson Electric from $182.00 to $198.00 and gave the company a "buy" rating in a research report on Thursday. BMO Capital Markets raised Emerson Electric from a "hold" rating to a "strong-buy" rating in a report on Sunday, November 1st. JPMorgan Chase & Co. raised their target price on Emerson Electric from $169.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday, October 9th. Finally, Sanford C. Bernstein boosted their price target on Emerson Electric from $186.00 to $196.00 and gave the company an "outperform" rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $175.38.

More Emerson Electric News

Here are the key news stories impacting Emerson Electric this week:

• Positive Sentiment: Emerson’s fourth-quarter results beat expectations, while orders rose 14%, pointing to solid demand. Emerson Q4 earnings beat as orders jump 14%
• Positive Sentiment: Several firms lifted their targets and maintained bullish ratings: BNP Paribas Exane and KeyCorp set targets of $200, Citigroup $198, and RBC and Bernstein $196. Jefferies also raised its target to $200. These revisions signal stronger analyst optimism. BNP Paribas Exane ratings Jefferies raises target
• Positive Sentiment: Emerson raised its quarterly dividend 7.2% to $0.595 per share, extending its annual dividend-growth streak to 71 years. The increase supports the income-investor case, although the yield is relatively modest. Emerson raises dividend
• Neutral Sentiment: Recent coverage says analysts are broadly upbeat and cites LNG investment and reshoring as potential growth tailwinds, while acknowledging that the stock’s valuation is rich. Analyst estimates and ratings LNG and reshoring analysis
• Negative Sentiment: A separate Morgan Stanley forecast was characterized as pessimistic, providing a cautionary counterpoint to the recent analyst upgrades. Morgan Stanley forecast

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $162.28 on Friday. Emerson Electric Co. has a one year low of $122.64 and a one year high of $172.00. The stock's fifty day moving average is $157.91 and its 200 day moving average is $147.61. The stock has a market cap of $90.89 billion, a P/E ratio of 33.95, a P/E/G ratio of 2.29 and a beta of 1.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.66 and a current ratio of 0.94.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.01. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.11 billion. During the same period in the previous year, the business earned $1.62 earnings per share. Emerson Electric's quarterly revenue was up .0% compared to the same quarter last year. Sell-side analysts anticipate that Emerson Electric Co. will post 7.34 earnings per share for the current year.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 13th will be paid a $0.5950 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.5%. This is an increase from Emerson Electric's previous quarterly dividend of $0.5550. The ex-dividend date of this dividend is Friday, November 13th. Emerson Electric's dividend payout ratio is 46.44%.

About Emerson Electric

Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.

The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.

Founded in 1890 and headquartered in St.

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