Harbor Capital Advisors Inc. Takes Position in Emerson Electric Co. (NYSE:EMR)

Harbor Capital Advisors Inc. purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,657 shares of the industrial products company's stock, valued at approximately $1,388,000.

A number of other institutional investors have also made changes to their positions in the business. Orion Capital Management LLC bought a new position in Emerson Electric in the 4th quarter worth approximately $25,000. Vega Investment Solutions bought a new position in Emerson Electric during the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric during the 4th quarter valued at $28,000. Ameriflex Group Inc. bought a new stake in Emerson Electric in the 4th quarter valued at $30,000. Finally, Meeder Asset Management Inc. grew its position in Emerson Electric by 208.2% in the 4th quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company's stock worth $37,000 after purchasing an additional 202 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

NYSE EMR traded down $1.27 during trading hours on Friday, reaching $125.45. 3,368,277 shares of the company's stock were exchanged, compared to its average volume of 2,950,620. The firm has a fifty day moving average of $111.72 and a 200-day moving average of $118.47. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The stock has a market cap of $70.57 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. The company had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The business's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.36 earnings per share. On average, equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio is currently 50.48%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EMR shares. KeyCorp increased their target price on shares of Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday. Royal Bank of Canada raised their price objective on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Robert W. Baird reduced their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, Barclays boosted their price target on shares of Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a report on Monday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and an average target price of $136.47.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.50% of the company's stock.

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.