Lmcg Investments LLC Has $11.07 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Lmcg Investments LLC lowered its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 5.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,967 shares of the industrial products company's stock after selling 6,136 shares during the quarter. Lmcg Investments LLC's holdings in Emerson Electric were worth $11,070,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Orion Capital Management LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $25,000. Vega Investment Solutions bought a new stake in Emerson Electric in the fourth quarter valued at about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric in the fourth quarter worth about $28,000. Ameriflex Group Inc. bought a new position in Emerson Electric during the fourth quarter worth about $30,000. Finally, YANKCOM Partnership acquired a new stake in Emerson Electric during the fourth quarter valued at approximately $30,000. 74.30% of the stock is currently owned by institutional investors.

Insider Activity at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's 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 sale, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

Emerson Electric Trading Up 0.7%

NYSE:EMR traded up $0.83 on Thursday, reaching $122.44. The company's stock had a trading volume of 2,823,455 shares, compared to its average volume of 2,927,850. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The business's 50-day moving average price is $109.17 and its two-hundred day moving average price is $118.66. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The firm has a market cap of $68.87 billion, a PE ratio of 29.22, a PEG ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The firm's revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.36 earnings per share. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be paid a $0.5275 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.72%. Emerson Electric's payout ratio is currently 50.48%.

Analyst Upgrades and Downgrades

Several research firms recently commented on EMR. JPMorgan Chase & Co. raised their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Royal Bank of Canada lifted their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Wells Fargo & Company increased their price target on shares of Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Citigroup raised their price target on Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a report on Wednesday. Finally, KeyCorp reduced their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $134.65.

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.