Commerce Bank Lowers Position in Emerson Electric Co. (NYSE:EMR)

Commerce Bank decreased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 677,922 shares of the industrial products company’s stock after selling 22,321 shares during the period. Commerce Bank owned about 0.12% of Emerson Electric worth $74,144,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Newport Trust Company LLC bought a new position in shares of Emerson Electric during the 2nd quarter worth approximately $574,908,000. Pathway Financial Advisers LLC lifted its stake in Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after purchasing an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp increased its holdings in Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after acquiring an additional 2,016,075 shares during the last quarter. Swedbank AB lifted its stake in shares of Emerson Electric by 127.3% during 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 in the last quarter. Finally, Perpetual Ltd lifted its holdings in 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 worth $131,918,000 after purchasing an additional 1,204,058 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction on 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 owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EMR. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. UBS Group started coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective on the stock. Robert W. Baird upped their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, KeyCorp boosted their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $130.00.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $129.56 on Wednesday. The company’s 50-day moving average is $112.34 and its 200 day moving average is $110.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The stock has a market capitalization of $73.88 billion, a P/E ratio of 37.88, a P/E/G ratio of 2.13 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $87.55 and a 1 year high of $131.56.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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 dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) 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.