Emerson Electric Co. (NYSE:EMR) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 3.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,839,498 shares of the industrial products company's stock after buying an additional 100,797 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.50% of Emerson Electric worth $303,823,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in Emerson Electric in the fourth quarter worth about $25,000. Vega Investment Solutions acquired a new position in shares of Emerson Electric during the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Emerson Electric during the fourth quarter valued at approximately $28,000. Inlight Wealth Management LLC acquired a new position in Emerson Electric in the first quarter worth approximately $28,000. Finally, Fourth Dimension Wealth LLC grew its position in Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after buying an additional 154 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 164,957 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Bank of America upped their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Citigroup upped their price objective on shares of Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Robert W. Baird dropped their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, Wells Fargo & Company lifted their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $139.21.

Emerson Electric Trading Up 0.3%

NYSE EMR traded up $0.40 during trading on Tuesday, hitting $138.80. 3,312,511 shares of the company's stock traded hands, compared to its average volume of 2,997,656. The stock has a fifty day moving average of $122.42 and a two-hundred day moving average of $118.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $139.90. The firm has a market cap of $78.08 billion, a P/E ratio of 33.21, a PEG ratio of 2.71 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $4.42 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The firm's quarterly revenue was up 1.3% compared to the same quarter last year. As a group, 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. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.52%. Emerson Electric's dividend payout ratio (DPR) is 50.48%.

About Emerson Electric

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.