North Capital Inc. Acquires New Shares in Emerson Electric Co. (NYSE:EMR)

North Capital Inc. acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,920 shares of the industrial products company's stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Orion Capital Management LLC purchased a new stake in shares of Emerson Electric in the 4th quarter worth about $25,000. Vega Investment Solutions bought a new position in shares of Emerson Electric in the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Emerson Electric in the 4th quarter valued at approximately $28,000. Inlight Wealth Management LLC purchased a new stake in Emerson Electric in the first quarter worth $28,000. Finally, Fourth Dimension Wealth LLC lifted its position in Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after buying an additional 154 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer owned 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays raised their price target on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a report on Monday, June 9th. Citigroup boosted their price objective on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Robert W. Baird cut their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. KeyCorp boosted their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $138.61.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded down $0.50 during trading on Thursday, reaching $137.30. 1,475,984 shares of the company's stock traded hands, compared to its average volume of 2,979,067. The stock has a market capitalization of $77.23 billion, a P/E ratio of 32.85, a price-to-earnings-growth ratio of 2.67 and a beta of 1.29. The company has a 50 day moving average of $120.46 and a 200-day moving average of $118.34. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $139.96.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The firm's quarterly revenue was up 1.3% on a year-over-year basis. On average, equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

Emerson Electric 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.