IFM Investors Pty Ltd Boosts Stock Position in Emerson Electric Co. (NYSE:EMR)

IFM Investors Pty Ltd grew its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 8.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,658 shares of the industrial products company's stock after purchasing an additional 9,108 shares during the quarter. IFM Investors Pty Ltd's holdings in Emerson Electric were worth $13,415,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EMR. Unison Advisors LLC lifted its stake in shares of Emerson Electric by 0.5% in the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock worth $2,629,000 after acquiring an additional 98 shares during the period. Texas Yale Capital Corp. lifted its stake in shares of Emerson Electric by 0.7% in the fourth quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock worth $1,833,000 after acquiring an additional 100 shares during the period. Ecofi Investissements SA lifted its stake in shares of Emerson Electric by 0.3% in the fourth quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock worth $4,111,000 after acquiring an additional 100 shares during the period. Rosenberg Matthew Hamilton lifted its stake in shares of Emerson Electric by 5.3% in the first quarter. Rosenberg Matthew Hamilton now owns 2,017 shares of the industrial products company's stock worth $221,000 after acquiring an additional 101 shares during the period. Finally, Donaldson Capital Management LLC lifted its stake in shares of Emerson Electric by 2.1% in the fourth quarter. Donaldson Capital Management LLC now owns 5,288 shares of the industrial products company's stock worth $655,000 after acquiring an additional 107 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 0.3%

Shares of NYSE EMR traded up $0.40 during midday trading on Tuesday, hitting $138.80. 3,312,511 shares of the stock traded hands, compared to its average volume of 3,003,602. The company has a market cap of $78.08 billion, a PE ratio of 33.21, a P/E/G ratio of 2.69 and a beta of 1.29. Emerson Electric Co. has a one year low of $90.06 and a one year high of $139.90. The business has a 50 day moving average price of $123.09 and a two-hundred day moving average price of $118.64. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80.

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

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.52%. Emerson Electric's payout ratio is 50.48%.

Insider Activity

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 stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer owned 164,957 shares of the company's stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. KeyCorp lifted their price objective on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Royal Bank Of Canada lifted their price objective on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Citigroup lifted their target price on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company lifted their target price on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Finally, Robert W. Baird lowered their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $139.21.

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.