Integrated Investment Consultants LLC Reduces Position in Emerson Electric Co. (NYSE:EMR)

Key Points

• Integrated Investment Consultants LLC reduced its holdings in Emerson Electric by 24.3%, selling 3,561 shares to end the quarter with 11,087 shares valued at $1,216,000.
• Analyst ratings for Emerson Electric include upgrades from several firms, leading to an average rating of "Moderate Buy" with a price target of $142.28.
• Emerson Electric has a current market capitalization of $84.20 billion and reported earnings of $1.48 per share, surpassing analyst estimates, with a net margin of 13.60%.

Integrated Investment Consultants LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 24.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,087 shares of the industrial products company's stock after selling 3,561 shares during the quarter. Integrated Investment Consultants LLC's holdings in Emerson Electric were worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GLOBALT Investments LLC GA lifted its position in Emerson Electric by 2.2% in the first quarter. GLOBALT Investments LLC GA now owns 70,495 shares of the industrial products company's stock worth $7,729,000 after buying an additional 1,499 shares during the last quarter. Phoenix Financial Ltd. raised its holdings in shares of Emerson Electric by 192.1% in the 1st quarter. Phoenix Financial Ltd. now owns 13,009 shares of the industrial products company's stock valued at $1,432,000 after purchasing an additional 8,556 shares in the last quarter. Wilkins Investment Counsel Inc. boosted its position in Emerson Electric by 0.8% during the 1st quarter. Wilkins Investment Counsel Inc. now owns 136,688 shares of the industrial products company's stock valued at $14,986,000 after acquiring an additional 1,026 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Emerson Electric by 4,583.7% during the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock valued at $239,569,000 after buying an additional 2,138,397 shares during the last quarter. Finally, Neo Ivy Capital Management boosted its position in shares of Emerson Electric by 101.0% in the 1st quarter. Neo Ivy Capital Management now owns 25,242 shares of the industrial products company's stock worth $2,768,000 after purchasing an additional 12,684 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Citigroup increased their price target on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Robert W. Baird dropped their target price 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. Bank of America lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. lifted their price target on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $142.28.

Emerson Electric Stock Down 0.1%

NYSE EMR traded down $0.16 during trading on Monday, reaching $149.47. 2,528,632 shares of the company's stock were exchanged, compared to its average volume of 2,527,616. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $149.84. The stock has a market cap of $84.08 billion, a P/E ratio of 35.76, a price-to-earnings-growth ratio of 2.90 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. The company has a 50 day moving average price of $130.82 and a two-hundred day moving average price of $120.38.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 13.60% and a return on equity of 13.22%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $1.36 earnings per share. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

Insider Activity at Emerson Electric

In related 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 sale, the chief executive officer owned 164,957 shares of the company's stock, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.50% of the company's stock.

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.