Core Alternative Capital Lowers Position in Emerson Electric Co. (NYSE:EMR)

Core Alternative Capital lowered its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 40.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,353 shares of the industrial products company's stock after selling 10,230 shares during the quarter. Core Alternative Capital's holdings in Emerson Electric were worth $1,683,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Orion Capital Management LLC purchased a new stake in shares of Emerson Electric in the fourth quarter valued at about $25,000. Vega Investment Solutions purchased a new stake in shares of Emerson Electric in the fourth quarter valued at about $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Emerson Electric during the 4th quarter valued at approximately $28,000. Ameriflex Group Inc. purchased a new stake in Emerson Electric during the 4th quarter valued at approximately $30,000. Finally, Inlight Wealth Management LLC purchased a new stake in Emerson Electric during the 1st quarter valued at approximately $28,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Buying and Selling

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction 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 sale, the chief executive officer owned 164,957 shares of the company's stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.50% of the company's stock.

Emerson Electric Price Performance

Shares of EMR traded down $1.36 during mid-day trading on Monday, reaching $138.40. 5,800,836 shares of the company's stock were exchanged, compared to its average volume of 2,996,394. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. The company has a 50-day simple moving average of $121.74 and a two-hundred day simple moving average of $118.40. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $141.10. The company has a market cap of $77.85 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 2.71 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate 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 quarter last year, the business posted $1.36 earnings per share. On average, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.52%. Emerson Electric's payout ratio is currently 50.48%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. 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. JPMorgan Chase & Co. increased their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company increased their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Citigroup increased their target price on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Barclays increased their target price on Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research note on Monday, June 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and an average price target of $139.21.

About Emerson Electric

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.