24,424 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Novem Group

Novem Group purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,424 shares of the industrial products company's stock, valued at approximately $3,027,000.

Other large investors have also added to or reduced their stakes in the company. Stokes Family Office LLC increased its holdings in shares of Emerson Electric by 94.8% during the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock worth $1,141,000 after buying an additional 4,480 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in shares of Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock valued at $10,187,000 after acquiring an additional 6,321 shares during the period. Clark Capital Management Group Inc. increased its stake in Emerson Electric by 7.7% in the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after purchasing an additional 434 shares in the last quarter. World Investment Advisors raised its holdings in shares of Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after purchasing an additional 6,079 shares during the period. Finally, Howland Capital Management LLC grew its stake in shares of Emerson Electric by 13.0% in the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock valued at $3,283,000 after buying an additional 3,054 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of research reports. Citigroup upped their target price on Emerson Electric from $119.00 to $127.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Morgan Stanley upped their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Finally, Robert W. Baird lowered their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $133.06.

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 that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the sale, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.50% of the company's stock.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded up $0.73 during mid-day trading on Monday, reaching $118.08. 4,430,913 shares of the company traded hands, compared to its average volume of 2,928,877. The company's 50 day moving average price is $108.03 and its 200-day moving average price is $119.00. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The firm has a market cap of $66.42 billion, a PE ratio of 28.18, a PEG ratio of 2.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be given a $0.5275 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.79%. Emerson Electric's dividend payout ratio (DPR) is 50.48%.

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.