Boston Common Asset Management LLC Raises Position in Emerson Electric Co. (NYSE:EMR)

Boston Common Asset Management LLC grew its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 14.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 156,046 shares of the industrial products company's stock after acquiring an additional 20,011 shares during the period. Boston Common Asset Management LLC's holdings in Emerson Electric were worth $17,109,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Orion Capital Management LLC bought a new position in Emerson Electric in the 4th quarter worth approximately $25,000. Stephens Consulting LLC bought a new position in Emerson Electric in the 4th quarter worth approximately $25,000. Vega Investment Solutions bought a new position in Emerson Electric in the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Emerson Electric in the 4th quarter worth approximately $28,000. Finally, Ameriflex Group Inc. purchased a new stake in Emerson Electric in the 4th quarter worth approximately $30,000. 74.30% of the stock is owned by institutional investors.

Insider Activity

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

Analyst Ratings Changes

Several research firms have issued reports on EMR. Royal Bank of Canada increased their target price 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. Citigroup increased their target price on shares of Emerson Electric from $119.00 to $127.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Barclays increased their target price on shares of Emerson Electric from $104.00 to $112.00 and gave the stock an "underweight" rating in a research note on Friday. Robert W. Baird lowered their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, four have assigned 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.com, the company currently has an average rating of "Moderate Buy" and an average target price of $133.53.

Emerson Electric Trading Down 1.1%

Emerson Electric stock traded down $1.36 during trading hours on Monday, reaching $118.02. The stock had a trading volume of 912,502 shares, compared to its average volume of 3,116,239. The stock has a market cap of $66.39 billion, a PE ratio of 28.17, a PEG ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The company has a fifty day simple moving average of $108.64 and a 200-day simple moving average of $118.68.

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, topping analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the firm earned $1.36 EPS. The company's revenue was up 1.3% on a year-over-year basis. Analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Friday, May 16th. Emerson Electric's payout ratio 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.