Emerson Electric Co. (NYSE:EMR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 29,862 shares of the industrial products company’s stock after selling 94 shares during the period. Thrivent Financial for Lutherans’ holdings in Emerson Electric were worth $3,266,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Emerson Electric by 15.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,106,633 shares of the industrial products company’s stock valued at $125,515,000 after buying an additional 149,446 shares during the last quarter. Waverly Advisors LLC increased its holdings in shares of Emerson Electric by 2.1% in the first quarter. Waverly Advisors LLC now owns 15,925 shares of the industrial products company’s stock valued at $1,806,000 after purchasing an additional 321 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of Emerson Electric by 15.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 37,845 shares of the industrial products company’s stock worth $4,292,000 after purchasing an additional 4,923 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Emerson Electric by 0.6% during the first quarter. California State Teachers Retirement System now owns 929,863 shares of the industrial products company’s stock worth $105,465,000 after purchasing an additional 5,394 shares during the period. Finally, Creekmur Asset Management LLC boosted its position in Emerson Electric by 2.3% in the first quarter. Creekmur Asset Management LLC now owns 6,173 shares of the industrial products company’s stock valued at $700,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on EMR shares. Royal Bank of Canada decreased their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. KeyCorp increased their price target on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Morgan Stanley assumed coverage on Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective for the company. Robert W. Baird raised their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, UBS Group initiated coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $130.00.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $132.79 on Tuesday. The stock has a market capitalization of $75.72 billion, a P/E ratio of 38.83, a PEG ratio of 2.18 and a beta of 1.30. The business has a 50 day simple moving average of $114.63 and a two-hundred day simple moving average of $110.88. Emerson Electric Co. has a 12 month low of $87.55 and a 12 month high of $133.54. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric Increases Dividend

The company 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 $0.5275 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.59%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.25% of the stock is currently owned by corporate 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.