Emerson Electric Co. (NYSE:EMR) Shares Sold by Chicago Capital LLC

Chicago Capital LLC trimmed its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 9.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,863 shares of the industrial products company's stock after selling 1,968 shares during the quarter. Chicago Capital LLC's holdings in Emerson Electric were worth $2,068,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Mcdonald Partners LLC lifted its stake in shares of Emerson Electric by 0.6% during the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after purchasing an additional 81 shares during the period. Pittenger & Anderson Inc. increased its stake in Emerson Electric by 0.3% in the fourth quarter. Pittenger & Anderson Inc. now owns 36,035 shares of the industrial products company's stock valued at $4,466,000 after purchasing an additional 95 shares during the last quarter. Unison Advisors LLC lifted its position in Emerson Electric by 0.5% during the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock worth $2,629,000 after buying an additional 98 shares during the period. Redmond Asset Management LLC grew its holdings in Emerson Electric by 4.6% in the 4th quarter. Redmond Asset Management LLC now owns 2,260 shares of the industrial products company's stock valued at $280,000 after buying an additional 100 shares during the period. Finally, Texas Yale Capital Corp. increased its stake in shares of Emerson Electric by 0.7% during the 4th quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock valued at $1,833,000 after acquiring an additional 100 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the sale, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup increased their price target on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Wells Fargo & Company increased their target price on Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. boosted their price target on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Robert W. Baird cut their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, Barclays boosted their target price on Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a report on Monday, June 9th. Two equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $136.47.

Emerson Electric Stock Up 0.9%

Shares of EMR stock traded up $1.17 on Thursday, hitting $128.54. The stock had a trading volume of 2,429,520 shares, compared to its average volume of 2,963,550. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The firm has a market capitalization of $72.31 billion, a price-to-earnings ratio of 30.75, a P/E/G ratio of 2.54 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. The stock's 50 day moving average is $114.58 and its 200-day moving average is $118.29.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data 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 net margin of 13.60% and a return on equity of 13.22%. The company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same period in the prior year, the company posted $1.36 EPS. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. As a group, research analysts expect 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 paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is currently 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.