Impax Asset Management Group plc Acquires 15,340 Shares of Emerson Electric Co. (NYSE:EMR)

Impax Asset Management Group plc lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 16.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 107,446 shares of the industrial products company’s stock after purchasing an additional 15,340 shares during the period. Impax Asset Management Group plc’s holdings in Emerson Electric were worth $11,751,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. OneDigital Investment Advisors LLC raised its stake in Emerson Electric by 12.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 25,014 shares of the industrial products company’s stock worth $2,736,000 after acquiring an additional 2,784 shares during the period. Lifeworks Advisors LLC raised its stake in Emerson Electric by 15.3% during the 3rd quarter. Lifeworks Advisors LLC now owns 4,217 shares of the industrial products company’s stock worth $461,000 after acquiring an additional 558 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in Emerson Electric by 6.3% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,667 shares of the industrial products company’s stock worth $1,714,000 after acquiring an additional 928 shares during the period. Metis Global Partners LLC raised its stake in Emerson Electric by 1.6% during the 3rd quarter. Metis Global Partners LLC now owns 18,237 shares of the industrial products company’s stock worth $1,995,000 after acquiring an additional 280 shares during the period. Finally, Curi RMB Capital LLC raised its stake in Emerson Electric by 5.1% during the 3rd quarter. Curi RMB Capital LLC now owns 14,750 shares of the industrial products company’s stock worth $1,613,000 after acquiring an additional 721 shares during the period. Institutional investors own 74.30% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of recent analyst reports. KeyCorp raised their target price 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. Oppenheimer lifted their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Barclays lifted their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

Emerson Electric Stock Down 1.3 %

NYSE EMR opened at $126.78 on Friday. 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 company has a fifty day moving average of $110.57 and a two-hundred day moving average of $109.84. The firm has a market capitalization of $72.29 billion, a price-to-earnings ratio of 37.07, a PEG ratio of 2.18 and a beta of 1.30. Emerson Electric Co. has a 52 week low of $87.17 and a 52 week high of $131.56.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.66%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. 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.