Guardian Investment Management Has $370,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

Guardian Investment Management cut its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 47.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,374 shares of the industrial products company's stock after selling 3,100 shares during the period. Guardian Investment Management's holdings in Emerson Electric were worth $370,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Unison Advisors LLC lifted its position in Emerson Electric by 0.5% during the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock worth $2,629,000 after acquiring an additional 98 shares during the last quarter. Texas Yale Capital Corp. increased its stake in shares of Emerson Electric by 0.7% during the fourth quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock worth $1,833,000 after purchasing an additional 100 shares during the period. Ecofi Investissements SA lifted its holdings in Emerson Electric by 0.3% during the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock worth $4,111,000 after purchasing an additional 100 shares during the last quarter. Donaldson Capital Management LLC boosted its stake in Emerson Electric by 2.1% in the 4th quarter. Donaldson Capital Management LLC now owns 5,288 shares of the industrial products company's stock valued at $655,000 after purchasing an additional 107 shares during the period. Finally, GPS Wealth Strategies Group LLC grew its holdings in Emerson Electric by 19.7% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 656 shares of the industrial products company's stock valued at $72,000 after buying an additional 108 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays boosted 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. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Bank of America boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Royal Bank Of Canada lifted their price objective on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $138.61.

Insider Buying and Selling

In other Emerson Electric 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 transaction, the chief executive officer directly owned 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.50% of the stock is currently owned by corporate insiders.

Emerson Electric Price Performance

NYSE:EMR traded down $0.50 on Friday, hitting $137.30. The company had a trading volume of 1,475,984 shares, compared to its average volume of 2,979,067. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $139.90. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $77.23 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 2.71 and a beta of 1.29. The firm has a 50 day moving average of $121.74 and a two-hundred day moving average of $118.45.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The company 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 13.22% and a net margin of 13.60%. Emerson Electric's revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.36 EPS. On average, research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.54%. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

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.