Kathmere Capital Management LLC Sells 1,795 Shares of Emerson Electric Co. (NYSE:EMR)

Kathmere Capital Management LLC lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 44.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,227 shares of the industrial products company's stock after selling 1,795 shares during the quarter. Kathmere Capital Management LLC's holdings in Emerson Electric were worth $244,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Orion Capital Management LLC bought a new stake in Emerson Electric in the 4th quarter valued at $25,000. Vega Investment Solutions bought a new stake in Emerson Electric in the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp bought a new stake in Emerson Electric in the 4th quarter valued at $28,000. Ameriflex Group Inc. bought a new stake in Emerson Electric in the 4th quarter valued at $30,000. Finally, Inlight Wealth Management LLC bought a new stake in Emerson Electric in the 1st quarter valued at $28,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Down 0.1%

Emerson Electric stock traded down $0.20 during trading hours on Tuesday, hitting $139.70. The company had a trading volume of 2,311,470 shares, compared to its average volume of 3,003,903. The company has a 50-day moving average price of $125.75 and a two-hundred day moving average price of $118.99. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $142.32. The firm has a market cap of $78.58 billion, a P/E ratio of 33.42, a P/E/G ratio of 2.72 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.

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

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.51%. Emerson Electric's payout ratio is presently 50.48%.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of research reports. Citigroup boosted their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Barclays lifted their price target on shares of Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 9th. Royal Bank Of Canada lifted their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, Bank of America lifted their price target 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus target price of $140.89.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company'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 sale, the chief executive officer owned 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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.