KBC Group NV Sells 31,047 Shares of Emerson Electric Co. (NYSE:EMR)

KBC Group NV lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 34.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 60,096 shares of the industrial products company’s stock after selling 31,047 shares during the quarter. KBC Group NV’s holdings in Emerson Electric were worth $6,572,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrive Wealth Management LLC grew its position in shares of Emerson Electric by 4.1% in the second quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 91 shares during the period. LCM Capital Management Inc boosted its holdings in Emerson Electric by 1.4% in the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock worth $748,000 after buying an additional 91 shares during the last quarter. Sabal Trust CO increased its stake in Emerson Electric by 2.2% during the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock worth $475,000 after buying an additional 93 shares in the last quarter. Catalyst Financial Partners LLC raised its holdings in shares of Emerson Electric by 3.7% during the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 94 shares during the last quarter. Finally, Unison Advisors LLC lifted its position in shares of Emerson Electric by 0.5% in the second quarter. Unison Advisors LLC now owns 21,016 shares of the industrial products company’s stock valued at $2,315,000 after acquiring an additional 96 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Emerson Electric stock opened at $126.78 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The company has a market capitalization of $72.29 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 2.13 and a beta of 1.30. The company’s 50 day simple moving average is $111.14 and its 200-day simple moving average is $110.00. Emerson Electric Co. has a 1 year low of $87.17 and a 1 year high of $131.56.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 61.40%.

Analysts Set New Price Targets

Several research firms recently commented on EMR. Wells Fargo & Company increased their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Barclays raised their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Royal Bank of Canada lowered their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Insider Activity

In other Emerson Electric 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 value of $2,711,289.00. Following the completion of the transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.25% of the company’s stock.

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.