Rheos Capital Works Inc. Cuts Stock Position in Emerson Electric Co. (NYSE:EMR)

Rheos Capital Works Inc. lowered its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 10.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 248,100 shares of the industrial products company's stock after selling 28,000 shares during the quarter. Emerson Electric comprises about 2.2% of Rheos Capital Works Inc.'s holdings, making the stock its 14th largest position. Rheos Capital Works Inc.'s holdings in Emerson Electric were worth $27,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the stock. Orion Capital Management LLC acquired a new position in Emerson Electric during the 4th quarter worth $25,000. Vega Investment Solutions acquired a new stake in Emerson Electric in the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Emerson Electric during the fourth quarter valued at about $28,000. Ameriflex Group Inc. bought a new position in Emerson Electric in the 4th quarter valued at about $30,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Emerson Electric by 208.2% in the fourth quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Up 0.2%

Shares of Emerson Electric stock traded up $0.24 on Thursday, hitting $126.73. 3,605,640 shares of the company's stock traded hands, compared to its average volume of 2,945,608. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The company has a fifty day moving average of $111.13 and a two-hundred day moving average of $118.51. The company has a market capitalization of $71.29 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its 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. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.36 earnings per share. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

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 dividend yield of 1.66%. Emerson Electric's payout ratio is presently 50.48%.

Analyst Ratings Changes

EMR has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. KeyCorp cut their price target on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Royal Bank of Canada upped their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company raised their price objective on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $135.00.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company'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 transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company's stock.

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.