Czech National Bank Has $14.20 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Czech National Bank boosted its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 4.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 129,519 shares of the industrial products company's stock after buying an additional 5,888 shares during the period. Czech National Bank's holdings in Emerson Electric were worth $14,200,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC lifted its stake in shares of Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after acquiring an additional 4,850 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at approximately $515,000. Waldron Private Wealth LLC boosted its stake in shares of Emerson Electric by 1.5% during the 4th quarter. Waldron Private Wealth LLC now owns 8,220 shares of the industrial products company's stock valued at $1,019,000 after buying an additional 122 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in shares of Emerson Electric by 12.5% during the fourth quarter. Chicago Partners Investment Group LLC now owns 9,501 shares of the industrial products company's stock worth $1,143,000 after buying an additional 1,055 shares in the last quarter. Finally, Independence Bank of Kentucky boosted its stake in Emerson Electric by 208.1% during the 4th quarter. Independence Bank of Kentucky now owns 4,344 shares of the industrial products company's stock valued at $538,000 after acquiring an additional 2,934 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EMR. Morgan Stanley upped their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. Robert W. Baird decreased their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Wells Fargo & Company increased their target price on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. lifted their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Barclays boosted their price objective on Emerson Electric from $104.00 to $112.00 and gave the company an "underweight" rating in a research report on Friday, May 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $134.65.

Insider Buying and Selling

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred 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 now directly owns 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This 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 this hyperlink. 0.50% of the stock is owned by insiders.

Emerson Electric Stock Up 1.5%

EMR traded up $1.84 on Thursday, reaching $123.45. 1,043,440 shares of the company traded hands, compared to its average volume of 2,917,454. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The stock's 50 day moving average price is $109.17 and its 200-day moving average price is $118.66. The company has a market cap of $69.44 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Emerson Electric's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 EPS. On average, sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Friday, May 16th. Emerson Electric's dividend payout ratio is 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.