GAM Holding AG Trims Stock Position in Emerson Electric Co. (NYSE:EMR)

GAM Holding AG cut its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,819 shares of the industrial products company's stock after selling 7,527 shares during the period. GAM Holding AG's holdings in Emerson Electric were worth $7,326,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Orion Capital Management LLC bought a new stake in Emerson Electric in the 4th quarter worth about $25,000. Vega Investment Solutions bought a new position in shares of Emerson Electric during the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp bought a new position in Emerson Electric in the 4th quarter worth approximately $28,000. Ameriflex Group Inc. bought a new position in Emerson Electric in the 4th quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. boosted its holdings in Emerson Electric by 208.2% in the 4th quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company's stock worth $37,000 after buying an additional 202 shares during the period. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barclays increased their target price on shares of Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research note on Monday, June 9th. Wells Fargo & Company increased their target price on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Citigroup increased their target price on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Robert W. Baird lowered their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $136.47.

Insider Activity

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.50% of the company's stock.

Emerson Electric Stock Performance

NYSE:EMR traded down $0.36 during mid-day trading on Friday, hitting $128.30. 5,780,018 shares of the company traded hands, compared to its average volume of 2,978,529. The stock's fifty day moving average price is $115.14 and its 200-day moving average price is $118.14. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. The firm has a market cap of $72.17 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 2.54 and a beta of 1.28.

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

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.64%. Emerson Electric's dividend payout ratio is presently 50.48%.

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.