First National Trust Co. decreased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,951 shares of the company’s stock after selling 3,312 shares during the period. First National Trust Co.’s holdings in Emerson Electric were worth $3,268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EMR. Baxter Bros Inc. purchased a new position in shares of Emerson Electric during the second quarter valued at approximately $759,000. Howland Capital Management LLC increased its position in shares of Emerson Electric by 0.9% in the second quarter. Howland Capital Management LLC now owns 13,616 shares of the company’s stock valued at $710,000 after buying an additional 126 shares in the last quarter. Pensionfund DSM Netherlands purchased a new position in shares of Emerson Electric during the second quarter valued at approximately $4,329,000. Pensionfund Sabic purchased a new position in shares of Emerson Electric during the second quarter valued at approximately $1,982,000. Finally, 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. Institutional investors and hedge funds own 70.17% of the company’s stock.

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

Shares of Emerson Electric Co. (NYSE:EMR) traded down 0.06% during midday trading on Tuesday, reaching $54.40. 3,408,230 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $51.98 and a 200-day moving average of $52.79. The stock has a market capitalization of $34.97 billion, a P/E ratio of 21.59 and a beta of 1.14. Emerson Electric Co. has a 12-month low of $41.25 and a 12-month high of $56.82.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 11th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.53%. 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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A number of analysts have weighed in on EMR shares. Stifel Nicolaus decreased their target price on shares of Emerson Electric from $60.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. Citigroup Inc. decreased their target price on shares of Emerson Electric from $49.00 to $48.00 and set a “sell” rating on the stock in a research note on Wednesday, August 3rd. Barclays PLC decreased their target price on shares of Emerson Electric from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. started coverage on shares of Emerson Electric in a research note on Monday, August 8th. They set a “neutral” rating and a $47.00 target price on the stock. Finally, Deutsche Bank AG decreased their target price on shares of Emerson Electric from $55.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, August 8th. Seven equities research 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. Emerson Electric currently has an average rating of “Hold” and a consensus 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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