BNP Paribas Arbitrage SA cut its stake in Emerson Electric Co. (NYSE:EMR) by 34.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,694 shares of the company’s stock after selling 49,090 shares during the period. BNP Paribas Arbitrage SA’s holdings in Emerson Electric were worth $5,162,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of EMR. M&R Capital Management Inc. acquired a new position in shares of Emerson Electric during the second quarter valued at approximately $103,000. Arcadia Investment Management Corp MI increased its position in shares of Emerson Electric by 11.4% in the second quarter. Arcadia Investment Management Corp MI now owns 2,281 shares of the company’s stock valued at $119,000 after buying an additional 234 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in shares of Emerson Electric during the second quarter valued at approximately $128,000. Integrated Investment Consultants LLC increased its position in shares of Emerson Electric by 99.5% in the second quarter. Integrated Investment Consultants LLC now owns 2,530 shares of the company’s stock valued at $132,000 after buying an additional 1,262 shares in the last quarter. Finally, TCI Wealth Advisors Inc. increased its position in shares of Emerson Electric by 90.6% in the second quarter. TCI Wealth Advisors Inc. now owns 2,524 shares of the company’s stock valued at $132,000 after buying an additional 1,200 shares in the last quarter. 70.10% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

Emerson Electric Co. (NYSE:EMR) traded up 0.33% during trading on Friday, reaching $55.24. The company’s stock had a trading volume of 802,124 shares. Emerson Electric Co. has a 52-week low of $41.25 and a 52-week high of $56.82. The stock has a market cap of $35.51 billion, a price-to-earnings ratio of 21.92 and a beta of 1.14. The firm has a 50 day moving average price of $51.93 and a 200-day moving average price of $52.78.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 11th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Tuesday, November 8th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio (DPR) is 76.19%.

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EMR has been the topic of several recent analyst reports. Stifel Nicolaus dropped their price target on Emerson Electric from $60.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. Barclays PLC dropped their price target on Emerson Electric from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 3rd. Deutsche Bank AG restated a “hold” rating on shares of Emerson Electric in a research report on Thursday, September 15th. Morgan Stanley restated a “hold” rating and set a $50.00 price objective on shares of Emerson Electric in a research report on Monday, August 29th. Finally, Zacks Investment Research upgraded Emerson Electric from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 19th. Seven investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $51.75.

Emerson Electric Company Profile

Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.

5 Day Chart for NYSE:EMR

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