Clean Energy Transition LLP Has $113.92 Million Stake in Emerson Electric Co. (NYSE:EMR)

Clean Energy Transition LLP lowered its position in Emerson Electric Co. (NYSE:EMR) by 36.9% during the third quarter, Holdings Channel reports. The institutional investor owned 1,041,568 shares of the industrial products company’s stock after selling 609,177 shares during the quarter. Emerson Electric comprises approximately 5.8% of Clean Energy Transition LLP’s investment portfolio, making the stock its 5th largest holding. Clean Energy Transition LLP’s holdings in Emerson Electric were worth $113,916,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of EMR. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric in the 3rd quarter worth $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the third quarter worth about $29,000. Frazier Financial Advisors LLC purchased a new position in shares of Emerson Electric in the 3rd quarter valued at approximately $33,000. Meeder Asset Management Inc. boosted its stake 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 worth $33,000 after purchasing an additional 235 shares in the last quarter. Finally, Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the 3rd quarter valued at approximately $33,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 0.0 %

Shares of EMR stock opened at $132.60 on Monday. The stock has a 50 day simple moving average of $116.88 and a 200-day simple moving average of $111.38. Emerson Electric Co. has a 1-year low of $87.59 and a 1-year high of $134.17. The company has a market cap of $75.61 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 2.23 and a beta of 1.30. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a $0.5275 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.59%. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EMR. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Robert W. Baird raised their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Morgan Stanley initiated coverage on shares of Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. Finally, KeyCorp lifted their price objective on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $131.11.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of the firm’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 value of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. 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.