Bank of New York Mellon Corp raised its position in Emerson Electric Co. (NYSE:EMR) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,405,597 shares of the company’s stock after buying an additional 99,471 shares during the period. Bank of New York Mellon Corp owned 2.24% of Emerson Electric worth $785,251,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EMR. Alpha Windward LLC raised its position in Emerson Electric by 0.6% in the third quarter. Alpha Windward LLC now owns 4,272 shares of the company’s stock valued at $233,000 after buying an additional 26 shares during the period. Capital One National Association raised its position in Emerson Electric by 0.4% in the second quarter. Capital One National Association now owns 7,431 shares of the company’s stock valued at $388,000 after buying an additional 27 shares during the period. Armstrong Henry H Associates Inc. raised its position in Emerson Electric by 0.3% in the third quarter. Armstrong Henry H Associates Inc. now owns 9,580 shares of the company’s stock valued at $522,000 after buying an additional 30 shares during the period. NEXT Financial Group Inc raised its position in Emerson Electric by 0.6% in the second quarter. NEXT Financial Group Inc now owns 5,020 shares of the company’s stock valued at $261,000 after buying an additional 31 shares during the period. Finally, Private Trust Co. NA raised its position in Emerson Electric by 0.3% in the third quarter. Private Trust Co. NA now owns 9,111 shares of the company’s stock valued at $496,000 after buying an additional 31 shares during the period. 70.17% of the stock is owned by institutional investors.

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

Shares of Emerson Electric Co. (NYSE:EMR) opened at 54.40 on Wednesday. The stock has a market capitalization of $34.97 billion, a price-to-earnings ratio of 21.59 and a beta of 1.14. The company’s 50 day moving average is $51.98 and its 200-day moving average is $52.79. Emerson Electric Co. has a 1-year low of $41.25 and a 1-year high of $56.82.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 11th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.53%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio (DPR) is presently 76.19%.

ILLEGAL ACTIVITY NOTICE: “Bank of New York Mellon Corp Acquires 99,471 Shares of Emerson Electric Co. (EMR)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark law. The legal version of this article can be accessed at https://www.thecerbatgem.com/2016/11/30/bank-of-new-york-mellon-corp-acquires-99471-shares-of-emerson-electric-co-emr.html.

A number of equities research analysts recently issued reports on EMR shares. Vetr cut shares of Emerson Electric from a “sell” rating to a “strong sell” rating and set a $45.32 price target on the stock. in a research note on Tuesday, November 1st. Deutsche Bank AG reissued a “hold” rating on shares of Emerson Electric in a research note on Thursday, September 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Emerson Electric in a research note on Monday, September 26th. Morgan Stanley reaffirmed a “hold” rating and set a $50.00 target price on shares of Emerson Electric in a research note on Monday, August 29th. Finally, Berenberg Bank started coverage on shares of Emerson Electric in a research note on Monday, October 3rd. They set a “sell” rating and a $41.00 target price on the stock. Seven investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company 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

Receive News & Stock Ratings for Emerson Electric Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric Co. and related stocks with our FREE daily email newsletter.