First National Bank of Omaha reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.1% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 44,391 shares of the company’s stock after selling 490 shares during the period. First National Bank of Omaha’s holdings in Emerson Electric were worth $2,420,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of EMR. Creative Planning boosted its position in shares of Emerson Electric by 27.5% in the third quarter. Creative Planning now owns 145,516 shares of the company’s stock valued at $7,932,000 after buying an additional 31,372 shares during the last quarter. Carroll Financial Associates Inc. boosted its position in shares of Emerson Electric by 5.3% in the third quarter. Carroll Financial Associates Inc. now owns 12,752 shares of the company’s stock valued at $695,000 after buying an additional 638 shares during the last quarter. Dynamic Advisors Solutions LLC boosted its position in shares of Emerson Electric by 10.7% in the third quarter. Dynamic Advisors Solutions LLC now owns 78,849 shares of the company’s stock valued at $4,298,000 after buying an additional 7,591 shares during the last quarter. City Holding Co. boosted its position in shares of Emerson Electric by 4.5% in the third quarter. City Holding Co. now owns 33,577 shares of the company’s stock valued at $1,830,000 after buying an additional 1,450 shares during the last quarter. Finally, Ronna Sue Cohen boosted its position in shares of Emerson Electric by 1.5% in the third quarter. Ronna Sue Cohen now owns 71,626 shares of the company’s stock valued at $3,904,000 after buying an additional 1,051 shares during 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)

Emerson Electric Co. (NYSE:EMR) traded down 0.06% during midday trading on Tuesday, hitting $54.40. 3,408,230 shares of the company’s stock traded hands. Emerson Electric Co. has a 52 week low of $41.25 and a 52 week high of $56.82. The company has a 50 day moving average of $51.98 and a 200-day moving average of $52.79. The company has a market capitalization of $34.97 billion, a PE ratio of 21.59 and a beta of 1.14.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 11th will be issued a dividend of $0.48 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, November 8th. This represents a $1.92 annualized dividend and a dividend yield of 3.53%. Emerson Electric’s payout ratio is 76.19%.

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Several research analysts have recently issued reports on the stock. Vetr cut shares of Emerson Electric from a “sell” rating to a “strong sell” rating and set a $44.20 target price for the company. in a report on Monday, November 7th. TheStreet cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. Zacks Investment Research upgraded shares of Emerson Electric from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 19th. HSBC began coverage on shares of Emerson Electric in a research report on Friday, October 7th. They issued a “reduce” rating for the company. Finally, Berenberg Bank began coverage on shares of Emerson Electric in a research report on Monday, October 3rd. They issued a “sell” rating and a $41.00 price target for the company. Seven investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $51.75.

About Emerson Electric

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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