Tufton Capital Management Sells 1,836 Shares of Emerson Electric Co. (NYSE:EMR)

Tufton Capital Management trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,891 shares of the industrial products company's stock after selling 1,836 shares during the quarter. Emerson Electric makes up 1.6% of Tufton Capital Management's portfolio, making the stock its 26th biggest position. Tufton Capital Management's holdings in Emerson Electric were worth $8,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Orion Capital Management LLC bought a new stake in Emerson Electric in the 4th quarter valued at about $25,000. Vega Investment Solutions acquired a new position in Emerson Electric during the 4th quarter valued at about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric during the 4th quarter valued at about $28,000. Ameriflex Group Inc. acquired a new position in shares of Emerson Electric in the 4th quarter worth approximately $30,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Emerson Electric in the 1st quarter worth approximately $28,000. 74.30% of the stock is currently owned by institutional investors.

Insider Activity 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 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 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 can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Stephens lifted their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Barclays lifted their price objective on shares of Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. raised their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. KeyCorp raised their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Finally, Citigroup raised their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Two 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.28.

Emerson Electric Stock Down 0.1%

NYSE EMR traded down $0.16 during trading on Monday, reaching $149.47. The company's stock had a trading volume of 2,528,632 shares, compared to its average volume of 3,059,359. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $84.08 billion, a PE ratio of 35.76, a PEG ratio of 2.90 and a beta of 1.29. The business has a 50-day moving average price of $130.82 and a 200-day moving average price of $120.38. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $149.84.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company's revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.36 earnings per share. On average, research analysts forecast 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. Shareholders of record on Friday, May 16th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is presently 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.