Emerson Electric Co. (NYSE:EMR) Shares Sold by Choreo LLC

Choreo LLC trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 8.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,422 shares of the industrial products company's stock after selling 3,322 shares during the quarter. Choreo LLC's holdings in Emerson Electric were worth $4,213,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new position in Emerson Electric during the 4th quarter worth $25,000. Vega Investment Solutions acquired a new position in Emerson Electric during the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric during the 4th quarter worth $28,000. Inlight Wealth Management LLC acquired a new position in Emerson Electric during the 1st quarter worth $28,000. Finally, Fourth Dimension Wealth LLC grew its stake in Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after purchasing an additional 154 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America raised their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. KeyCorp raised their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Stephens increased 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 report on Wednesday, July 16th. Finally, Royal Bank Of Canada lifted their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $142.28.

Insider Activity 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 transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer directly owned 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 this hyperlink. 0.50% of the stock is owned by company insiders.

Emerson Electric Stock Performance

Shares of EMR stock traded up $2.86 during midday trading on Friday, hitting $149.68. The company had a trading volume of 2,594,108 shares, compared to its average volume of 2,612,257. The company's 50 day simple moving average is $130.82 and its 200 day simple moving average is $120.38. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $149.84. The stock has a market cap of $84.20 billion, a price-to-earnings ratio of 35.81, a PEG ratio of 2.90 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. The company's quarterly revenue was up 1.3% compared to the same quarter last year. Research analysts anticipate 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. Stockholders of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, May 16th. 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.