Emerson Electric Co. (NYSE:EMR) Shares Sold by Cadence Bank

Cadence Bank lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 21.6% during the third quarter, Holdings Channel reports. The fund owned 5,133 shares of the industrial products company’s stock after selling 1,415 shares during the quarter. Cadence Bank’s holdings in Emerson Electric were worth $561,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Emerson Electric during the third quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric during the third quarter worth approximately $29,000. Meeder Asset Management Inc. raised its stake in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares during the period. Morton Brown Family Wealth LLC purchased a new position in Emerson Electric during the third quarter worth approximately $33,000. Finally, Frazier Financial Advisors LLC purchased a new position in Emerson Electric during the third quarter worth approximately $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Barclays increased their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Morgan Stanley began coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. Oppenheimer raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their target price for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric Price Performance

EMR opened at $132.62 on Thursday. The company has a fifty day simple moving average of $115.79 and a 200 day simple moving average of $111.15. The firm has a market cap of $75.62 billion, a price-to-earnings ratio of 38.78, a PEG ratio of 2.23 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $87.55 and a twelve month high of $134.17. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is owned by company insiders.

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.