Emerson Electric Company (EMR) Shares Sold by Stevens Capital Management LP
Stevens Capital Management LP lessened its holdings in Emerson Electric Company (NYSE:EMR) by 85.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,887 shares of the industrial products company’s stock after selling 188,239 shares during the quarter. Stevens Capital Management LP’s holdings in Emerson Electric were worth $2,004,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Emerson Electric by 4.2% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 96,628 shares of the industrial products company’s stock valued at $6,072,000 after acquiring an additional 3,939 shares during the last quarter. ST Germain D J Co. Inc. grew its position in Emerson Electric by 29.4% in the 3rd quarter. ST Germain D J Co. Inc. now owns 4,665 shares of the industrial products company’s stock valued at $293,000 after acquiring an additional 1,060 shares during the last quarter. First Merchants Corp grew its position in Emerson Electric by 149.0% in the 3rd quarter. First Merchants Corp now owns 26,990 shares of the industrial products company’s stock valued at $1,696,000 after acquiring an additional 16,152 shares during the last quarter. Middleton & Co Inc MA bought a new position in Emerson Electric in the 3rd quarter valued at $383,000. Finally, SignalPoint Asset Management LLC bought a new position in Emerson Electric in the 3rd quarter valued at $451,000. 68.83% of the stock is currently owned by institutional investors.
Shares of Emerson Electric Company (EMR) opened at $68.54 on Wednesday. Emerson Electric Company has a 12-month low of $55.40 and a 12-month high of $68.88. The firm has a market capitalization of $43,657.11, a PE ratio of 26.50, a P/E/G ratio of 3.07 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.30 and a current ratio of 1.64.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were given a dividend of $0.485 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.94 dividend on an annualized basis and a yield of 2.83%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio (DPR) is presently 82.55%.
In related news, VP Bell Katherine Button sold 7,909 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $64.78, for a total transaction of $512,345.02. Following the sale, the vice president now owns 44,628 shares of the company’s stock, valued at $2,891,001.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the sale, the vice president now directly owns 178,743 shares in the company, valued at approximately $11,577,184.11. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,017 shares of company stock worth $1,771,129. 0.79% of the stock is owned by corporate insiders.
A number of research firms have recently issued reports on EMR. Stifel Nicolaus reissued a “buy” rating on shares of Emerson Electric in a research report on Thursday, October 12th. Edward Jones downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Cowen raised Emerson Electric to a “buy” rating and set a $71.00 price target on the stock in a research report on Monday, October 23rd. Zacks Investment Research raised Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Citigroup set a $61.00 price target on Emerson Electric and gave the stock a “sell” rating in a research report on Tuesday, November 28th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $65.86.
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Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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