Chilton Capital Management LLC Increases Holdings in Emerson Electric Co. (NYSE:EMR)

Chilton Capital Management LLC grew its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 255,940 shares of the industrial products company's stock after buying an additional 9,499 shares during the quarter. Chilton Capital Management LLC's holdings in Emerson Electric were worth $28,061,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in Emerson Electric during the fourth quarter valued at approximately $25,000. Vega Investment Solutions bought a new stake in Emerson Electric during the fourth quarter valued at about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric in the fourth quarter valued at about $28,000. Inlight Wealth Management LLC purchased a new stake in shares of Emerson Electric during the first quarter valued at about $28,000. Finally, Fourth Dimension Wealth LLC boosted its holdings in shares of Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after buying an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer directly owned 164,957 shares of the company's stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. TD Cowen assumed coverage on shares of Emerson Electric in a research report on Monday. They set a "buy" rating and a $150.00 target price for the company. Robert W. Baird decreased their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Barclays upped their target price on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research report on Monday, June 9th. Wells Fargo & Company boosted their price target on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Finally, KeyCorp lifted their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average price target of $139.21.

Emerson Electric Stock Performance

EMR stock traded down $1.32 during trading on Monday, hitting $138.44. 890,738 shares of the company traded hands, compared to its average volume of 2,977,234. 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 Co. has a 1 year low of $90.06 and a 1 year high of $141.10. The stock's 50-day simple moving average is $121.74 and its 200 day simple moving average is $118.40. The company has a market cap of $77.87 billion, a PE ratio of 33.13, a P/E/G 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 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the business earned $1.36 earnings per share. The firm's revenue was up 1.3% on a year-over-year basis. On average, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced 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 1.52%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

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.