Buffington Mohr McNeal Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

Buffington Mohr McNeal grew its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 113.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,267 shares of the industrial products company's stock after purchasing an additional 3,335 shares during the period. Buffington Mohr McNeal's holdings in Emerson Electric were worth $687,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Orion Capital Management LLC purchased a new stake in Emerson Electric during the fourth quarter worth about $25,000. Vega Investment Solutions acquired a new stake in Emerson Electric during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Emerson Electric during the fourth quarter worth $28,000. Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric in the first quarter valued at $28,000. Finally, Fourth Dimension Wealth LLC increased its holdings in Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after purchasing an additional 154 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Royal Bank Of Canada boosted their price objective on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. KeyCorp increased their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Bank of America raised their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $138.61.

Insider Activity

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm'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 completion of the sale, the chief executive officer owned 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.50% of the company's stock.

Emerson Electric Stock Performance

Shares of EMR stock traded down $0.50 during midday trading on Friday, hitting $137.30. The company had a trading volume of 1,475,984 shares, compared to its average volume of 2,979,067. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $139.90. 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 company's 50 day simple moving average is $121.10 and its 200 day simple moving average is $118.39. The stock has a market cap of $77.23 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 2.67 and a beta of 1.29.

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

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Friday, May 16th. 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.