Emerson Electric Co. (NYSE:EMR) Shares Sold by Zevin Asset Management LLC

Zevin Asset Management LLC cut its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 8.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 138,817 shares of the industrial products company's stock after selling 12,635 shares during the period. Emerson Electric comprises approximately 2.4% of Zevin Asset Management LLC's holdings, making the stock its 14th biggest position. Zevin Asset Management LLC's holdings in Emerson Electric were worth $15,220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EMR. Orion Capital Management LLC purchased a new position in Emerson Electric during the fourth quarter valued at approximately $25,000. Vega Investment Solutions purchased a new position in Emerson Electric during the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric during the fourth quarter valued at approximately $28,000. Inlight Wealth Management LLC bought a new stake in Emerson Electric in the first quarter worth approximately $28,000. Finally, Fourth Dimension Wealth LLC grew its position in Emerson Electric by 145.3% in the first 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 in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Bank of America upped their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Stephens upped 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, July 16th. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Citigroup lifted their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Royal Bank Of Canada lifted their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $142.28.

Emerson Electric Trading Up 0.9%

Shares of Emerson Electric stock traded up $1.30 on Tuesday, hitting $144.21. The stock had a trading volume of 1,146,974 shares, compared to its average volume of 2,986,414. The firm has a market capitalization of $81.12 billion, a P/E ratio of 34.49, a PEG ratio of 2.80 and a beta of 1.29. The stock has a 50 day moving average of $128.27 and a 200 day moving average of $119.51. 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 twelve month low of $90.06 and a twelve month high of $145.28.

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 analysts' consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.36 EPS. Sell-side analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is currently 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.

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