Capital Management Associates Inc Takes $337,000 Position in Emerson Electric Co. (NYSE:EMR)

Capital Management Associates Inc acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,072 shares of the industrial products company's stock, valued at approximately $337,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EMR. Vanguard Group Inc. raised its position in shares of Emerson Electric by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock worth $6,634,837,000 after purchasing an additional 384,313 shares during the period. Geode Capital Management LLC increased its position in Emerson Electric by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after acquiring an additional 232,540 shares during the period. Norges Bank acquired a new stake in Emerson Electric in the 4th quarter valued at approximately $885,886,000. Northern Trust Corp increased its position in Emerson Electric by 5.9% in the 4th quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock valued at $827,377,000 after acquiring an additional 370,560 shares during the period. Finally, Schroder Investment Management Group increased its position in Emerson Electric by 4.1% in the 4th quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock valued at $542,379,000 after acquiring an additional 171,946 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer owned 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company's stock.

Emerson Electric Price Performance

Shares of EMR traded down $1.36 during trading hours on Monday, hitting $138.40. 5,800,836 shares of the company were exchanged, compared to its average volume of 2,996,394. The company has a market capitalization of $77.85 billion, a PE ratio of 33.11, a PEG ratio of 2.71 and a beta of 1.29. 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 has a fifty day simple moving average of $121.74 and a 200-day simple moving average of $118.40. Emerson Electric Co. has a one year low of $90.06 and a one year high of $141.10.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company's revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $1.36 EPS. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were given a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.52%. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Analysts Set New Price Targets

Several research firms recently commented on EMR. Robert W. Baird lowered their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Barclays raised their target price on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research report on Monday, June 9th. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Bank of America raised their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, KeyCorp raised their target price on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $139.21.

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.