Emerson Electric Co. (NYSE:EMR) Shares Sold by First National Trust Co

First National Trust Co lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.8% in the third quarter, HoldingsChannel reports. The firm owned 21,145 shares of the industrial products company’s stock after selling 384 shares during the quarter. First National Trust Co’s holdings in Emerson Electric were worth $2,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in EMR. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric during the third quarter worth about $25,000. Transcendent Capital Group LLC bought a new position in Emerson Electric in the 1st quarter worth about $31,000. Meeder Asset Management Inc. increased its stake in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares during the period. Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric during the third quarter worth approximately $33,000. Finally, Versant Capital Management Inc grew its holdings in Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after buying an additional 269 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the 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 sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is currently owned by insiders.

Emerson Electric Stock Performance

Emerson Electric stock opened at $128.42 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 0.86. The company has a market cap of $73.55 billion, a P/E ratio of 37.55, a price-to-earnings-growth ratio of 2.13 and a beta of 1.30. Emerson Electric Co. has a fifty-two week low of $85.91 and a fifty-two week high of $130.30. The firm’s 50 day simple moving average is $108.87 and its 200-day simple moving average is $109.43.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a $0.5275 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.64%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is presently 61.70%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EMR. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Wells Fargo & Company increased their target price on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. KeyCorp raised 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. Finally, Barclays upped their target price on Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $127.65.

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.