Chilton Capital Management LLC Grows Stake in Emerson Electric Co. (NYSE:EMR)

Chilton Capital Management LLC increased its stake in shares of 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 (SEC). The institutional investor owned 255,940 shares of the industrial products company's stock after purchasing 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 quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EMR. Orion Capital Management LLC purchased a new position in shares of Emerson Electric in the 4th quarter valued at about $25,000. Vega Investment Solutions purchased a new position in shares of Emerson Electric in the 4th quarter valued at about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Emerson Electric in the 4th quarter valued at about $28,000. Ameriflex Group Inc. purchased a new stake in shares of Emerson Electric in the 4th quarter valued at about $30,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Emerson Electric in the 1st quarter valued at about $28,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

NYSE:EMR traded up $1.09 during trading hours on Wednesday, reaching $139.82. 1,939,572 shares of the company traded hands, compared to its average volume of 2,999,364. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $139.90. The stock has a market cap of $78.65 billion, a P/E ratio of 33.45, a P/E/G ratio of 2.69 and a beta of 1.29. The firm's 50-day moving average is $123.09 and its 200-day moving average is $118.64. 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 (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the company posted $1.36 EPS. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. Equities research 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 announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is currently 50.48%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EMR. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Barclays boosted their target price on Emerson Electric from $118.00 to $125.00 and gave the company an "underweight" rating in a report on Wednesday. Robert W. Baird reduced their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday. Finally, KeyCorp upped their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. 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 assigned a strong buy rating to the company. According to data from MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus price target of $139.83.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the 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 transaction, the chief executive officer directly owned 164,957 shares of the company's stock, 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 SEC, which can be accessed through the SEC website. Company insiders own 0.50% of the company's stock.

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.