Brown Brothers Harriman & Co. Acquires 573 Shares of Emerson Electric Co. (NYSE:EMR)

Brown Brothers Harriman & Co. grew its stake in Emerson Electric Co. (NYSE:EMR) by 1.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,497 shares of the industrial products company’s stock after acquiring an additional 573 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Emerson Electric were worth $5,304,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its holdings in Emerson Electric by 55.0% in the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after purchasing an additional 3,060 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Emerson Electric by 17.0% during the 2nd quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock worth $152,359,000 after acquiring an additional 194,944 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in Emerson Electric by 8.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock valued at $7,578,000 after acquiring an additional 5,416 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in Emerson Electric by 82.0% in the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock valued at $435,000 after acquiring an additional 1,792 shares in the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new position in shares of Emerson Electric during the third quarter worth $443,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EMR. Deutsche Bank Aktiengesellschaft boosted their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday. Morgan Stanley began coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set 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 stock an “overweight” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.00.

Insiders Place Their Bets

In related 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 value of $2,711,289.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock opened at $132.79 on Tuesday. Emerson Electric Co. has a 52-week low of $87.55 and a 52-week high of $133.54. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The stock has a market cap of $75.72 billion, a PE ratio of 38.83, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The business has a 50-day simple moving average of $114.63 and a 200-day simple moving average of $110.88.

Emerson Electric Increases Dividend

The business also recently declared 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 is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.59%. Emerson Electric’s payout ratio is presently 61.70%.

Emerson Electric Company 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.