Highview Capital Management LLC DE Takes $775,000 Position in Emerson Electric Co. (NYSE:EMR)

Highview Capital Management LLC DE acquired a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,250 shares of the industrial products company's stock, valued at approximately $775,000.

Other institutional investors also recently modified their holdings of the company. Orion Capital Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at $25,000. Stephens Consulting LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Emerson Electric during the 4th quarter valued at $28,000. Finally, YANKCOM Partnership acquired a new position in shares of Emerson Electric during the 4th quarter valued at $30,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Down 1.5%

EMR opened at $116.20 on Thursday. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company's 50-day moving average is $107.83 and its 200 day moving average is $119.06. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a market capitalization of $65.36 billion, a P/E ratio of 27.73, a PEG ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the company posted $1.36 earnings per share. The firm's quarterly revenue was up 1.3% compared to the same quarter last year. Research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be paid a $0.5275 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.82%. Emerson Electric's payout ratio is 50.48%.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm'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 completion of the transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

EMR has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price 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. StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. Barclays upped their price objective on shares of Emerson Electric from $99.00 to $104.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. Finally, Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus price target of $133.06.

About Emerson Electric

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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