Lbp Am Sa Sells 20,427 Shares of Emerson Electric Co. (NYSE:EMR)

LBP AM SA lowered its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 14.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,399 shares of the industrial products company's stock after selling 20,427 shares during the period. LBP AM SA's holdings in Emerson Electric were worth $13,091,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Twelve Points Wealth Management LLC raised its holdings in shares of Emerson Electric by 16.1% during the first quarter. Twelve Points Wealth Management LLC now owns 12,461 shares of the industrial products company's stock worth $1,366,000 after acquiring an additional 1,729 shares in the last quarter. Dogwood Wealth Management LLC raised its holdings in shares of Emerson Electric by 16.0% during the first quarter. Dogwood Wealth Management LLC now owns 5,244 shares of the industrial products company's stock worth $575,000 after acquiring an additional 722 shares in the last quarter. Regents Gate Capital LLP bought a new position in Emerson Electric during the first quarter valued at about $2,382,000. Greenleaf Trust raised its holdings in Emerson Electric by 0.8% during the first quarter. Greenleaf Trust now owns 36,096 shares of the industrial products company's stock valued at $3,958,000 after buying an additional 274 shares in the last quarter. Finally, Trek Financial LLC raised its holdings in Emerson Electric by 15.6% during the first quarter. Trek Financial LLC now owns 8,941 shares of the industrial products company's stock valued at $980,000 after buying an additional 1,208 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EMR has been the topic of several recent research reports. KeyCorp raised their target price on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Wells Fargo & Company raised their target price on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Barclays raised their target price on Emerson Electric from $118.00 to $125.00 and gave the company an "underweight" rating in a report on Wednesday. Finally, TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $139.83.

Emerson Electric Price Performance

NYSE EMR traded down $0.60 during trading on Friday, reaching $140.07. 2,107,737 shares of the company traded hands, compared to its average volume of 3,010,933. 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 stock's 50 day moving average price is $125.11 and its two-hundred day moving average price is $118.95. The company has a market cap of $78.79 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 2.72 and a beta of 1.29. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $142.32.

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, beating analysts' consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 earnings per share. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm 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 1.51%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is currently 50.48%.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer directly owned 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by insiders.

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.