Dupont Capital Management Corp Buys 14,767 Shares of Emerson Electric Co. (NYSE:EMR)

Dupont Capital Management Corp boosted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 29.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,864 shares of the industrial products company's stock after buying an additional 14,767 shares during the quarter. Dupont Capital Management Corp's holdings in Emerson Electric were worth $7,112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Brighton Jones LLC lifted its holdings in Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after buying an additional 4,850 shares in the last quarter. Kestra Investment Management LLC bought a new stake in Emerson Electric during the 4th quarter valued at about $70,000. Private Advisor Group LLC lifted its holdings in Emerson Electric by 4.6% during the 4th quarter. Private Advisor Group LLC now owns 69,790 shares of the industrial products company's stock valued at $8,649,000 after buying an additional 3,096 shares in the last quarter. Bryn Mawr Capital Management LLC lifted its holdings in Emerson Electric by 78.1% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 25,731 shares of the industrial products company's stock valued at $3,189,000 after buying an additional 11,283 shares in the last quarter. Finally, Advyzon Investment Management LLC purchased a new position in Emerson Electric during the 4th quarter valued at about $266,000. Institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Down 0.3%

Shares of Emerson Electric stock opened at $128.30 on Friday. The company has a market cap of $72.17 billion, a P/E ratio of 30.69, a PEG ratio of 2.54 and a beta of 1.28. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. 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's 50 day moving average price is $115.14 and its 200-day moving average price is $118.26.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. The company 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 13.60% 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 quarter in the previous year, the firm earned $1.36 EPS. On average, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio is presently 50.48%.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric 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 completion of the sale, the chief executive officer now directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Royal Bank Of Canada raised their target price 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. Citigroup raised their target price 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. Wells Fargo & Company raised their target price on shares of Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Finally, Barclays raised their target price on shares of Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research report on Monday, June 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $136.47.

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.

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