Missouri Trust & Investment Co Acquires 200 Shares of Emerson Electric Co. (NYSE:EMR)

Missouri Trust & Investment Co grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.1% in the third quarter, HoldingsChannel.com reports. The firm owned 6,559 shares of the industrial products company’s stock after purchasing an additional 200 shares during the period. Missouri Trust & Investment Co’s holdings in Emerson Electric were worth $717,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Cumberland Partners Ltd lifted its position in shares of Emerson Electric by 8.2% during the third quarter. Cumberland Partners Ltd now owns 11,850 shares of the industrial products company’s stock valued at $1,296,000 after purchasing an additional 900 shares in the last quarter. Savvy Advisors Inc. boosted its holdings in shares of Emerson Electric by 2.4% in the 3rd quarter. Savvy Advisors Inc. now owns 11,541 shares of the industrial products company’s stock worth $1,262,000 after buying an additional 266 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its position in shares of Emerson Electric by 2.1% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 15,782 shares of the industrial products company’s stock valued at $1,726,000 after acquiring an additional 325 shares during the period. Proactive Wealth Strategies LLC purchased a new position in shares of Emerson Electric in the third quarter worth about $443,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Emerson Electric by 0.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,434,304 shares of the industrial products company’s stock valued at $156,870,000 after purchasing an additional 10,113 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.1 %

Shares of EMR stock traded down $0.19 during midday trading on Tuesday, reaching $129.01. 406,843 shares of the stock were exchanged, compared to its average volume of 2,723,639. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 1 year low of $85.91 and a 1 year high of $130.30. The firm has a market cap of $73.88 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 2.13 and a beta of 1.30. The company’s 50 day moving average is $108.87 and its two-hundred day moving average is $109.43.

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 issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is 61.70%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EMR. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Robert W. Baird lifted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Oppenheimer boosted their price target 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. Finally, KeyCorp increased their target price on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.65.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s 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 completion of the transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.25% of the company’s stock.

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.