Emerson Electric Co. (NYSE:EMR) Stock Position Decreased by Brown Advisory Inc.

Brown Advisory Inc. lowered its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 2.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 142,225 shares of the industrial products company's stock after selling 2,831 shares during the quarter. Brown Advisory Inc.'s holdings in Emerson Electric were worth $15,594,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Orion Capital Management LLC purchased a new stake in shares of Emerson Electric during the 4th quarter worth about $25,000. Vega Investment Solutions purchased a new position in Emerson Electric in the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric in the 4th quarter worth approximately $28,000. Ameriflex Group Inc. purchased a new position in Emerson Electric in the 4th quarter worth approximately $30,000. Finally, Inlight Wealth Management LLC purchased a new position in Emerson Electric in the 1st quarter worth approximately $28,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Performance

Shares of EMR traded down $0.60 during trading hours on Friday, reaching $140.07. 2,107,737 shares of the company's stock traded hands, compared to its average volume of 3,010,933. The firm has a market capitalization of $78.79 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 2.72 and a beta of 1.29. 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 twelve month low of $90.06 and a twelve month high of $142.32. The business's fifty day simple moving average is $125.11 and its two-hundred day simple moving average is $118.95.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $1.36 earnings per share. Analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.51%. Emerson Electric's dividend payout ratio is currently 50.48%.

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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. KeyCorp upped their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a report on Tuesday. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Wells Fargo & Company increased their target price on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, Barclays increased their target price on Emerson Electric from $118.00 to $125.00 and gave the company an "underweight" rating in a research note on Wednesday. Two investment 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 stock has a consensus rating of "Moderate Buy" and a consensus target price of $139.83.

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.