Ramsay Stattman Vela & Price Inc. Grows Stake in Emerson Electric Co. (NYSE:EMR)

Ramsay Stattman Vela & Price Inc. grew its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 5.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,530 shares of the industrial products company's stock after acquiring an additional 4,383 shares during the quarter. Emerson Electric accounts for approximately 1.6% of Ramsay Stattman Vela & Price Inc.'s holdings, making the stock its 22nd biggest holding. Ramsay Stattman Vela & Price Inc.'s holdings in Emerson Electric were worth $8,610,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Stokes Family Office LLC increased its holdings in Emerson Electric by 94.8% during 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. Clark Capital Management Group Inc. increased its holdings in 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 purchasing an additional 434 shares during the period. World Investment Advisors lifted its stake in Emerson Electric by 41.2% in the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock worth $2,581,000 after acquiring an additional 6,079 shares during the period. Geode Capital Management LLC lifted its stake in Emerson Electric by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after acquiring an additional 232,540 shares during the period. Finally, StoneX Group Inc. lifted its stake in Emerson Electric by 23.5% in the fourth quarter. StoneX Group Inc. now owns 32,927 shares of the industrial products company's stock worth $4,081,000 after acquiring an additional 6,264 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EMR shares. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Citigroup raised their target price on Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Bank of America raised their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Barclays upped their target price on shares of Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $139.83.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer directly owned 164,957 shares of the company's stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by insiders.

Emerson Electric Stock Performance

EMR stock traded down $0.60 on Friday, hitting $140.07. The company had a trading volume of 2,107,737 shares, compared to its average volume of 3,007,220. The stock has a market cap of $78.79 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 2.73 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $142.32. The stock's 50-day simple moving average is $124.48 and its 200 day simple moving average is $118.90.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. The firm's revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 earnings per share. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.51%. Emerson Electric's payout ratio is currently 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.