Emerson Electric Co. (NYSE:EMR) Shares Sold by Essex LLC

Essex LLC lowered its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 7.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,963 shares of the industrial products company's stock after selling 2,020 shares during the period. Essex LLC's holdings in Emerson Electric were worth $2,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in EMR. Vanguard Group Inc. raised its stake in Emerson Electric by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock valued at $6,634,837,000 after buying an additional 384,313 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Emerson Electric by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after acquiring an additional 232,540 shares during the last quarter. Norges Bank acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $885,886,000. Northern Trust Corp boosted its holdings in Emerson Electric by 5.9% in the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock valued at $827,377,000 after purchasing an additional 370,560 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in Emerson Electric by 4.1% in the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock valued at $542,379,000 after purchasing an additional 171,946 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

EMR has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Wells Fargo & Company upped their price objective 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. KeyCorp lifted their target price on Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, June 13th. Royal Bank Of Canada upped their target price on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Robert W. Baird dropped their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $136.47.

Emerson Electric Stock Performance

Shares of EMR stock traded up $0.28 during mid-day trading on Monday, hitting $133.45. The stock had a trading volume of 2,277,862 shares, compared to its average volume of 2,974,654. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The company's 50-day simple moving average is $118.27 and its 200-day simple moving average is $118.06. The firm has a market cap of $75.07 billion, a PE ratio of 31.93, a PEG ratio of 2.63 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share 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 firm's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.36 EPS. Sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared 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. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.58%. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Insider Activity

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by corporate insiders.

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.