Hall Capital Management Co. Inc. Buys Shares of 14,754 Emerson Electric Co. (NYSE:EMR)

Hall Capital Management Co. Inc. acquired a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,754 shares of the industrial products company's stock, valued at approximately $1,828,000.

A number of other institutional investors have also modified their holdings of the company. Stokes Family Office LLC grew its stake in Emerson Electric by 94.8% during the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock worth $1,141,000 after buying an additional 4,480 shares during the period. GHP Investment Advisors Inc. lifted its holdings in shares of Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock valued at $10,187,000 after acquiring an additional 6,321 shares in the last quarter. Clark Capital Management Group Inc. boosted its position in Emerson Electric by 7.7% during the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock worth $749,000 after purchasing an additional 434 shares during the period. World Investment Advisors increased its holdings in Emerson Electric by 41.2% in the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after purchasing an additional 6,079 shares in the last quarter. Finally, Howland Capital Management LLC raised its position in Emerson Electric by 13.0% in the fourth quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock valued at $3,283,000 after purchasing an additional 3,054 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EMR. Wells Fargo & Company upped their target price on Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Barclays boosted their price target on Emerson Electric from $99.00 to $104.00 and gave the stock an "underweight" rating in a research report on Thursday, May 8th. KeyCorp lowered their price objective 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. Morgan Stanley upped their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. Finally, Robert W. Baird lowered their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and an average price target of $133.06.

Emerson Electric Stock Performance

EMR stock traded up $2.66 during trading on Tuesday, hitting $120.90. 2,591,984 shares of the company's stock traded hands, compared to its average volume of 2,927,529. The stock has a market capitalization of $68.01 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The stock has a fifty day moving average price of $108.33 and a two-hundred day moving average price of $118.95. The company has a quick ratio of 1.17, a current ratio of 1.54 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. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors 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 dividend on an annualized basis and a yield of 1.75%. Emerson Electric's payout ratio is currently 50.48%.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business'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 completion of the transaction, the chief executive officer now directly owns 164,957 shares of the company's stock, 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 SEC, which is available at this hyperlink. 0.50% of the stock is owned by corporate insiders.

Emerson Electric 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.