Graypoint LLC Acquires 2,197 Shares of Emerson Electric Co. (NYSE:EMR)

Graypoint LLC boosted its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 79.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,960 shares of the industrial products company's stock after buying an additional 2,197 shares during the quarter. Graypoint LLC's holdings in Emerson Electric were worth $544,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new position in shares of Emerson Electric during the fourth quarter worth approximately $25,000. Vega Investment Solutions acquired a new position in shares of Emerson Electric during the fourth quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Emerson Electric in the fourth quarter worth approximately $28,000. Ameriflex Group Inc. acquired a new stake in Emerson Electric in the fourth quarter worth approximately $30,000. Finally, Inlight Wealth Management LLC acquired a new stake in Emerson Electric in the first quarter worth approximately $28,000. 74.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm'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 $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EMR shares. Bank of America increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Robert W. Baird cut their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Stephens boosted their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday. Citigroup boosted their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $142.28.

Emerson Electric Stock Performance

Shares of NYSE EMR traded down $0.23 during mid-day trading on Friday, hitting $144.16. The company had a trading volume of 1,918,369 shares, compared to its average volume of 2,997,613. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The business's 50-day simple moving average is $128.27 and its 200-day simple moving average is $119.56. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $145.28. The firm has a market cap of $81.09 billion, a P/E ratio of 34.49, a PEG ratio of 2.80 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 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 13.60% and a return on equity of 13.22%. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 earnings per share. As a group, analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend 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.