Creekmur Asset Management LLC Has $626,000 Position in Emerson Electric Co. (NYSE:EMR)

Creekmur Asset Management LLC trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 57.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,713 shares of the industrial products company's stock after selling 7,679 shares during the period. Creekmur Asset Management LLC's holdings in Emerson Electric were worth $626,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clark Capital Management Group Inc. grew its holdings in Emerson Electric by 7.7% in the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after purchasing an additional 434 shares during the period. World Investment Advisors lifted its position in shares of Emerson Electric by 41.2% in the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after acquiring an additional 6,079 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Emerson Electric by 2.0% in the fourth 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 in the last quarter. StoneX Group Inc. lifted its position in shares of Emerson Electric by 23.5% in the fourth quarter. StoneX Group Inc. now owns 32,927 shares of the industrial products company's stock valued at $4,081,000 after acquiring an additional 6,264 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Emerson Electric by 2.7% in the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock valued at $23,271,000 after acquiring an additional 5,504 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of EMR traded down $0.23 on Friday, reaching $144.16. The stock had a trading volume of 1,918,369 shares, compared to its average volume of 2,997,613. The firm has a market capitalization of $81.09 billion, a PE ratio of 34.49, a PEG ratio of 2.80 and a beta of 1.29. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average of $128.27 and a 200 day moving average of $119.53. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $145.28.

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 (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The business's revenue was up 1.3% on a year-over-year basis. Sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays lifted their price objective on Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 9th. KeyCorp lifted 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. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Robert W. Baird lowered their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, Wells Fargo & Company boosted their target price on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $142.28.

Insider Buying and Selling

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction dated 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 sale, the chief executive officer directly owned 164,957 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by company insiders.

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.