Emerson Electric Co. (NYSE:EMR) Shares Bought by Cumberland Partners Ltd

Cumberland Partners Ltd lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 8.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,850 shares of the industrial products company’s stock after purchasing an additional 900 shares during the period. Cumberland Partners Ltd’s holdings in Emerson Electric were worth $1,296,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Newport Trust Company LLC acquired a new stake in shares of Emerson Electric in the 2nd quarter worth $574,908,000. Pathway Financial Advisers LLC increased its position in Emerson Electric by 10,993.2% during the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after purchasing an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp raised its stake in Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after purchasing an additional 2,016,075 shares during the period. Swedbank AB grew its stake in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares during the period. Finally, Perpetual Ltd raised its position in shares of Emerson Electric by 57,336.1% during the 3rd quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock valued at $131,918,000 after buying an additional 1,204,058 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on EMR shares. Royal Bank of Canada lowered their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. KeyCorp lifted their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.65.

Emerson Electric Stock Performance

Shares of EMR stock opened at $128.42 on Wednesday. The company has a market cap of $73.55 billion, a P/E ratio of 37.55, a PEG ratio of 2.17 and a beta of 1.30. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average price of $108.87 and a 200 day moving average price of $109.43. Emerson Electric Co. has a 12 month low of $85.91 and a 12 month high of $130.30.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a $0.5275 dividend. 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 1.64%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio is currently 61.40%.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction 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 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.