Consolidated Portfolio Review Corp Boosts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Consolidated Portfolio Review Corp lifted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 33.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,718 shares of the industrial products company's stock after buying an additional 1,919 shares during the period. Consolidated Portfolio Review Corp's holdings in Emerson Electric were worth $846,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Unison Advisors LLC boosted its stake in shares of Emerson Electric by 0.5% during the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock valued at $2,629,000 after purchasing an additional 98 shares during the period. Texas Yale Capital Corp. boosted its position in 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 buying an additional 100 shares during the period. Ecofi Investissements SA grew its holdings in Emerson Electric by 0.3% in the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock worth $4,111,000 after acquiring an additional 100 shares during the last quarter. Apriem Advisors increased its position in shares of Emerson Electric by 2.1% in the fourth quarter. Apriem Advisors now owns 5,051 shares of the industrial products company's stock valued at $626,000 after acquiring an additional 105 shares during the period. Finally, Donaldson Capital Management LLC raised its stake in shares of Emerson Electric by 2.1% during the fourth quarter. Donaldson Capital Management LLC now owns 5,288 shares of the industrial products company's stock valued at $655,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on EMR. Barclays boosted their price target on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a report on Monday, June 9th. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. KeyCorp lifted their price target on shares of Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, June 13th. Citigroup raised their target price on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Royal Bank Of Canada boosted their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $136.47.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 164,957 shares in the company, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by insiders.

Emerson Electric Trading Up 1.0%

NYSE EMR opened at $130.77 on Wednesday. The stock's fifty day moving average price is $116.32 and its 200-day moving average price is $118.12. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. The stock has a market cap of $73.56 billion, a P/E ratio of 31.28, a P/E/G ratio of 2.56 and a beta of 1.28. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85.

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, beating analysts' consensus estimates 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 net margin of 13.60% and a return on equity of 13.22%. Emerson Electric's revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $1.36 EPS. As a group, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm 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. This represents a $2.11 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio is currently 50.48%.

Emerson Electric 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.

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