Natixis Advisors LLC Sells 8,657 Shares of Emerson Electric Co. (NYSE:EMR)

Key Points

• Natixis Advisors LLC reduced its stake in Emerson Electric by 2.4%, now holding 352,331 shares valued at approximately $38.63 million.
• Emerson Electric announced a quarterly dividend of $0.5275, equating to an annual yield of 1.5%, with a payout ratio of 50.48%.
• Despite a recent trading decline of 0.5%, Emerson Electric reported a 1.3% year-over-year increase in revenue, totaling $4.43 billion for the latest quarter.

Natixis Advisors LLC lessened its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 2.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 352,331 shares of the industrial products company's stock after selling 8,657 shares during the quarter. Natixis Advisors LLC owned 0.06% of Emerson Electric worth $38,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in Emerson Electric in the 4th quarter valued at $25,000. Vega Investment Solutions purchased a new stake in Emerson Electric in the 4th quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Emerson Electric in the 1st quarter worth about $27,000. Inlight Wealth Management LLC purchased a new stake in Emerson Electric in the 1st quarter worth about $28,000. Finally, Fourth Dimension Wealth LLC increased its holdings in Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after acquiring an additional 154 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Up 0.6%

EMR traded up $0.87 on Monday, hitting $142.65. 4,172,040 shares of the company were exchanged, compared to its average volume of 3,083,139. The firm has a fifty day simple moving average of $133.64 and a two-hundred day simple moving average of $121.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The stock has a market capitalization of $80.24 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 2.75 and a beta of 1.32.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates 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 for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $1.36 EPS. Sell-side analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is currently 50.48%.

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 that occurred 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 sale, the chief executive officer directly owned 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Stephens raised their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. boosted their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Barclays raised their price target on Emerson Electric from $118.00 to $125.00 and gave the company an "underweight" rating in a report on Wednesday, July 9th. Finally, Bank of America raised their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and an average target price of $142.28.

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.