Massachusetts Financial Services Co. MA Raises Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Massachusetts Financial Services Co. MA boosted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 210.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,966,453 shares of the industrial products company's stock after buying an additional 1,333,839 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.35% of Emerson Electric worth $215,602,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new position in Emerson Electric in the 4th quarter valued at about $25,000. Vega Investment Solutions acquired a new position in Emerson Electric in the 4th quarter valued at about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric in the 4th quarter valued at about $28,000. Inlight Wealth Management LLC acquired a new position in Emerson Electric in the 1st quarter valued at about $28,000. Finally, Fourth Dimension Wealth LLC grew its position in Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 154 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded up $0.31 during trading hours on Friday, hitting $144.70. 452,679 shares of the company were exchanged, compared to its average volume of 2,995,790. The business has a 50-day moving average of $127.64 and a 200-day moving average of $119.42. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $145.23. The stock has a market capitalization of $81.39 billion, a price-to-earnings ratio of 34.62, a P/E/G ratio of 2.72 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42.

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 (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion during 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 revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.36 earnings per share. As a group, analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is 50.48%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Bank of America boosted their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Citigroup boosted their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday. Barclays boosted their price objective on Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada boosted their target price on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, Robert W. Baird decreased their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $142.28.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.