Alpine Woods Capital Investors LLC Has $1.87 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Alpine Woods Capital Investors LLC trimmed its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 24.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,046 shares of the industrial products company's stock after selling 5,548 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in Emerson Electric were worth $1,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Orion Capital Management LLC bought a new stake in Emerson Electric in the fourth quarter worth $25,000. Vega Investment Solutions purchased a new stake in Emerson Electric in the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Emerson Electric in the fourth quarter worth about $28,000. Inlight Wealth Management LLC purchased a new stake in Emerson Electric in the first quarter worth about $28,000. Finally, Fourth Dimension Wealth LLC lifted its position in shares of 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 last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EMR has been the topic of a number of analyst reports. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Wells Fargo & Company lifted their price target on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Citigroup lifted their price target on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. KeyCorp lifted their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Finally, Robert W. Baird cut their price objective 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. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and two have issued 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 price target of $139.83.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred on 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 owned 164,957 shares in the company, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by company insiders.

Emerson Electric Stock Down 0.2%

NYSE:EMR traded down $0.35 during trading hours on Friday, hitting $140.32. The stock had a trading volume of 948,372 shares, compared to its average volume of 2,999,722. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $142.32. The business has a 50 day simple moving average of $124.48 and a two-hundred day simple moving average of $118.90. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. The company has a market cap of $78.93 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 2.71 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating 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 business 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 business's revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.50%. Emerson Electric's dividend payout ratio (DPR) is currently 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.