Bailard Inc. Sells 10,197 Shares of Emerson Electric Co. (NYSE:EMR)

Bailard Inc. lowered its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 23.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,335 shares of the industrial products company's stock after selling 10,197 shares during the quarter. Bailard Inc.'s holdings in Emerson Electric were worth $3,655,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Hohimer Wealth Management LLC grew its position in shares of Emerson Electric by 0.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock valued at $3,066,000 after acquiring an additional 95 shares during the period. Unison Advisors LLC grew its position in shares of Emerson Electric by 0.5% in the 4th quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock valued at $2,629,000 after acquiring an additional 98 shares during the period. Texas Yale Capital Corp. grew its position in shares of Emerson Electric by 0.7% in the 4th quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock valued at $1,833,000 after acquiring an additional 100 shares during the period. Ecofi Investissements SA grew its position in shares of Emerson Electric by 0.3% in the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock valued at $4,111,000 after acquiring an additional 100 shares during the period. Finally, Rosenberg Matthew Hamilton grew its position in shares of Emerson Electric by 5.3% in the 1st quarter. Rosenberg Matthew Hamilton now owns 2,017 shares of the industrial products company's stock valued at $221,000 after acquiring an additional 101 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, 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 at this link. Corporate insiders own 0.50% of the company's stock.

Emerson Electric Trading Down 0.2%

Emerson Electric stock traded down $0.23 during mid-day trading on Friday, reaching $144.16. 1,918,369 shares of the company traded hands, compared to its average volume of 2,997,613. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The firm's 50 day moving average price is $128.27 and its 200 day moving average price is $119.53. The firm has a market capitalization of $81.09 billion, a price-to-earnings ratio of 34.49, a P/E/G ratio of 2.80 and a beta of 1.29. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $145.28.

Emerson Electric (NYSE:EMR - Get Free Report) last issued 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. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 EPS. On average, analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is 50.48%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Bank of America increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Robert W. Baird cut their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Citigroup boosted their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. JPMorgan Chase & Co. boosted their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Wells Fargo & Company upped their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and an average target price of $142.28.

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.