Eldred Rock Partners LLC grew its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 10.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,920 shares of the industrial products company's stock after purchasing an additional 9,457 shares during the period. Emerson Electric comprises 3.4% of Eldred Rock Partners LLC's portfolio, making the stock its 16th largest holding. Eldred Rock Partners LLC's holdings in Emerson Electric were worth $11,027,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Stokes Family Office LLC increased its holdings in shares of Emerson Electric by 94.8% in the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock valued at $1,141,000 after purchasing an additional 4,480 shares during the period. GHP Investment Advisors Inc. lifted its holdings in shares of Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock valued at $10,187,000 after buying an additional 6,321 shares during the last quarter. Clark Capital Management Group Inc. lifted its holdings in shares of Emerson Electric by 7.7% during the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after buying an additional 434 shares during the last quarter. World Investment Advisors lifted its holdings in shares of Emerson Electric by 41.2% during the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after buying an additional 6,079 shares during the last quarter. Finally, Howland Capital Management LLC lifted its holdings in shares of Emerson Electric by 13.0% during the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock valued at $3,283,000 after buying an additional 3,054 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.
Insider Transactions at Emerson Electric
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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. KeyCorp reduced their price target on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada upped their price target on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Morgan Stanley upped their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research note on Thursday, February 6th. Robert W. Baird decreased their price target 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, Barclays upped their price target on Emerson Electric from $104.00 to $112.00 and gave the stock an "underweight" rating in a research note on Friday, May 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average target price of $134.65.
Check Out Our Latest Analysis on Emerson Electric
Emerson Electric Stock Performance
Emerson Electric stock traded up $1.25 during trading hours on Thursday, hitting $122.86. The stock had a trading volume of 1,307,671 shares, compared to its average volume of 2,918,801. The company has a 50-day moving average of $109.17 and a two-hundred day moving average of $118.66. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a market cap of $69.11 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85.
Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.36 EPS. On average, equities research analysts anticipate 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 will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.72%. Emerson Electric's payout ratio is presently 50.48%.
About Emerson Electric
(
Free Report)
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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