BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $14.44 Million Position in Emerson Electric Co. (NYSE:EMR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 78.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 131,988 shares of the industrial products company’s stock after selling 485,878 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Emerson Electric were worth $14,436,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of EMR. Farther Finance Advisors LLC raised its holdings in shares of Emerson Electric by 55.0% during the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after acquiring an additional 3,060 shares during the period. Bank of Montreal Can raised its stake in shares of Emerson Electric by 17.0% in the 2nd quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock valued at $152,359,000 after purchasing an additional 194,944 shares during the period. Dynamic Advisor Solutions LLC boosted its position in shares of Emerson Electric by 8.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock worth $7,578,000 after buying an additional 5,416 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of Emerson Electric by 82.0% during the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock worth $435,000 after buying an additional 1,792 shares in the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new stake in Emerson Electric in the 3rd quarter valued at approximately $443,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EMR. Royal Bank of Canada decreased their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. 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. Oppenheimer increased their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday. Finally, UBS Group initiated coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 262,408 shares in the company, 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 at this hyperlink. 0.25% of the stock is owned by insiders.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $130.07 on Friday. The business’s 50 day moving average is $114.02 and its 200-day moving average is $110.77. The firm has a market cap of $74.17 billion, a P/E ratio of 38.03, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30. Emerson Electric Co. has a 1-year low of $87.55 and a 1-year high of $131.56. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

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 given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s 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.