Balefire LLC Cuts Stock Position in Emerson Electric Co. (NYSE:EMR)

Balefire LLC trimmed its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 72.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,819 shares of the industrial products company's stock after selling 9,802 shares during the period. Balefire LLC's holdings in Emerson Electric were worth $419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of EMR. Brighton Jones LLC increased its holdings in Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after purchasing an additional 4,850 shares during the period. IFP Advisors Inc grew its position in shares of Emerson Electric by 92.3% in the 4th quarter. IFP Advisors Inc now owns 11,146 shares of the industrial products company's stock worth $1,381,000 after buying an additional 5,350 shares during the last quarter. BankPlus Trust Department bought a new position in shares of Emerson Electric during the fourth quarter valued at approximately $40,000. FourThought Financial Partners LLC purchased a new stake in Emerson Electric in the fourth quarter worth $580,000. Finally, Los Angeles Capital Management LLC boosted its holdings in Emerson Electric by 7.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 3,379 shares of the industrial products company's stock valued at $419,000 after acquiring an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's 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 transaction, the chief executive officer now owns 164,957 shares of the company's stock, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Emerson Electric Stock Down 1.0%

Shares of Emerson Electric stock opened at $129.46 on Thursday. The stock has a market capitalization of $72.82 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 2.59 and a beta of 1.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The company has a 50-day simple moving average of $116.93 and a two-hundred day simple moving average of $118.20.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share 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 company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the company earned $1.36 earnings per share. Emerson Electric's revenue was up 1.3% on a year-over-year basis. On average, analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.63%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is currently 50.48%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Robert W. Baird decreased 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. Barclays raised their price objective on shares of Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a report on Monday, June 9th. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. increased their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Royal Bank Of Canada lifted their price target on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $136.47.

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.

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