Emerson Electric Co. (NYSE:EMR) Shares Sold by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 70.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 593 shares of the industrial products company’s stock after selling 1,437 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Emerson Electric were worth $65,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in Emerson Electric in the 3rd quarter valued at $25,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the 3rd quarter valued at $29,000. Frazier Financial Advisors LLC purchased a new stake in Emerson Electric in the 3rd quarter valued at $33,000. Meeder Asset Management Inc. raised its position in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. Finally, Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction dated 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on EMR shares. KeyCorp upped 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. Morgan Stanley assumed coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, Robert W. Baird upped their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $132.62 on Thursday. The stock 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 52 week low of $87.55 and a 52 week high of $134.17. The company’s 50-day moving average price is $115.79 and its 200 day moving average price is $111.15. 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.59%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

About Emerson Electric

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.