Generali Investments Management Co LLC Cuts Stock Position in Emerson Electric Co. (NYSE:EMR)

Generali Investments Management Co LLC lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 27.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 8,233 shares of the industrial products company's stock after selling 3,164 shares during the period. Generali Investments Management Co LLC's holdings in Emerson Electric were worth $903,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of EMR. Orion Capital Management LLC purchased a new position in shares of Emerson Electric in the fourth quarter worth $25,000. Vega Investment Solutions bought a new position in shares of Emerson Electric in the 4th quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $28,000. YANKCOM Partnership bought a new stake in Emerson Electric in the fourth quarter worth $30,000. Finally, Ameriflex Group Inc. purchased a new stake in Emerson Electric during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EMR. Morgan Stanley lifted their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. Citigroup boosted their price objective on shares of Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a research report on Wednesday. KeyCorp decreased their target price 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. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Barclays raised their target price on shares of Emerson Electric from $104.00 to $112.00 and gave the company an "underweight" rating in a research note on Friday, May 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $134.65.

Emerson Electric Price Performance

EMR stock opened at $122.44 on Friday. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The company has a 50-day moving average price of $109.43 and a 200 day moving average price of $118.61. The stock has a market cap of $68.87 billion, a PE ratio of 29.22, a P/E/G ratio of 2.49 and a beta of 1.28. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

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 during the quarter, compared to analyst estimates 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 for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $1.36 EPS. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current 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 given a dividend of $0.5275 per share. 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 dividend payout ratio (DPR) is presently 50.48%.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric 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 completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by 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.

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