Blair William & Co. IL Sells 7,860 Shares of Emerson Electric Co. (NYSE:EMR)

Key Points

• Blair William & Co. IL reduced its holdings in Emerson Electric by 2.0% during Q1, selling 7,860 shares, but still owns approximately 0.07% of the company valued at $41.22 million.
• Several institutional investors increased their stakes in Emerson Electric, with Scotia Capital Inc. posting the largest increase at 13.8%, now owning 480,135 shares worth about $52.64 million.
• Emerson Electric has received favorable upgrades from analysts recently, including a consensus target price of $142.28 and a "Moderate Buy" rating based on strong quarterly earnings performance.

Blair William & Co. IL lessened its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 375,948 shares of the industrial products company's stock after selling 7,860 shares during the quarter. Blair William & Co. IL owned 0.07% of Emerson Electric worth $41,219,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Argent Trust Co boosted its holdings in Emerson Electric by 1.6% in the 1st quarter. Argent Trust Co now owns 52,843 shares of the industrial products company's stock valued at $5,794,000 after purchasing an additional 824 shares during the period. Manchester Capital Management LLC raised its position in shares of Emerson Electric by 2.9% in the first quarter. Manchester Capital Management LLC now owns 8,417 shares of the industrial products company's stock valued at $923,000 after buying an additional 234 shares in the last quarter. Scotia Capital Inc. boosted its stake in shares of Emerson Electric by 13.8% in the first quarter. Scotia Capital Inc. now owns 480,135 shares of the industrial products company's stock valued at $52,642,000 after buying an additional 58,390 shares during the period. Beta Wealth Group Inc. grew its position in Emerson Electric by 8.7% during the first quarter. Beta Wealth Group Inc. now owns 5,010 shares of the industrial products company's stock worth $549,000 after buying an additional 402 shares in the last quarter. Finally, Bank of Nova Scotia Trust Co. increased its stake in Emerson Electric by 7.6% during the 1st quarter. Bank of Nova Scotia Trust Co. now owns 6,177 shares of the industrial products company's stock worth $677,000 after acquiring an additional 437 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EMR. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Royal Bank Of Canada increased their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. raised their target price 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. Stephens upped their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Finally, Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $142.28.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction that occurred 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 directly owned 164,957 shares of the company's stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.50% of the company's stock.

Emerson Electric Stock Performance

Emerson Electric stock opened at $141.68 on Monday. The business has a 50 day moving average of $133.64 and a 200-day moving average of $121.29. The company has a market capitalization of $79.70 billion, a P/E ratio of 33.89, a P/E/G ratio of 2.75 and a beta of 1.32. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. 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 (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, beating the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company's revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 EPS. On average, equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.5%. Emerson Electric's dividend payout ratio is presently 50.48%.

About Emerson Electric

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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