Emerson Electric Co. (NYSE:EMR) Stock Position Reduced by Founders Capital Management

Founders Capital Management reduced its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 45.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,384 shares of the industrial products company's stock after selling 19,919 shares during the period. Emerson Electric comprises approximately 1.7% of Founders Capital Management's portfolio, making the stock its 18th largest position. Founders Capital Management's holdings in Emerson Electric were worth $2,673,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

EMR has been the subject of several research analyst reports. Citigroup upped their price target on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research report on Wednesday. KeyCorp dropped their price target on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada upped their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. upped their price target 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. Finally, Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.65.

Emerson Electric Stock Up 1.2%

EMR traded up $1.43 during trading hours on Thursday, reaching $123.04. 1,124,943 shares of the stock traded hands, compared to its average volume of 2,917,754. The company has a market cap of $69.21 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 2.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The firm's fifty day simple moving average is $109.17 and its two-hundred day simple moving average is $118.66.

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

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.5275 per share. The ex-dividend date is Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.71%. Emerson Electric's payout ratio is 50.48%.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's 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 sale, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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.